How much will $650 per year deposited at 12% be worth in 8 years?

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Practical Financial Management

ISBN: 978-1305637542

8th edition

Authors: William R. Lasher

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Question Posted: Apr 25, 2017 09:16 AM

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How much will $1,000 deposited in a savings account earning a compound annual interest rate of 6 percent be worth at the end of the following number of years? a. 3 years b. 5 years c. 10 years
How much will $650 per year be worth in eight years at interest rates of? a. 12%? b. 8%? c. 6%?
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How much will $650 per year deposited at 12% be worth in 8 years?

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Practical Financial Management

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