Abbot Inc. is considering the following investment opportunities. Compute the future value under each of the investment
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Abbot Inc. is considering the following investment opportunities. Compute the future value under each of the investment options.
●Note: Round the final answer to the nearest whole dollar.
●Note: Do not use a negative sign (-) with your answers.
Annual | ||||||
---|---|---|---|---|---|---|
Interest | Term | Future | ||||
Investment | Compounding | Rate | Cost | (Years) | Value | |
Investment A | Semiannually | 6% | $50,000 | 5 | Answer 67196 | |
Investment B | Quarterly | 8% | 60,000 | 10 | Answer 132482 | |
Investment C | Monthly | 12% | 40,000 | 8 | Answer | |
Investment D | Monthly | 6% | 80,000 | 10 | Answer |
Related Book For
Accounting Information Systems
ISBN: 978-0133428537
13th edition
Authors: Marshall B. Romney, Paul J. Steinbart
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