Calculate the future value of $5000 if it is invested at an interest rate of 16% compounded

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Calculate the future value of $5000 if it is invested at an interest rate of 16% compounded quarterly for 5 years and 6 months.

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Financial Accounting

ISBN: 978-0078025549

3rd edition

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

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Posted Date: Feb 16, 2022 02:08 AM

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Calculate the future value of $5000 if it is invested at an interest rate of 16% compounded

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Solution Answer is 1184959 Explanation Amount invested 5000 Annual in... View the full answer

Financial Accounting

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