Assuming an interest rate of 8.4 percent compounded semiannually, the future value of $2,100 in 17 years
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Assuming an interest rate of 8.4 percent compounded semiannually, the future value of $2,100 in 17 years is $______. (Do not include the dollar sign ($). Round your answer to 2 decimal places.
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861629
8th Edition
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan
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