Question: Cornerstone Exercise A3-2 (Algorithmic) Use Future Value and Present Value Tables to Apply Compound Interest to Accounting Transactions Use Future Value Tables and Present Value
Cornerstone Exercise A3-2 (Algorithmic) Use Future Value and Present Value Tables to Apply Compound Interest to Accounting Transactions Use Future Value Tables and Present Value Tables, or your calculator, to complete the requirement below. Cathy Lumbattis inherited $135,000 from an aunt. rest Required: If Cathy Lumbattis decides not to spend her inheritance but to leave the money in her savings account until she retires in 15 years, how much money will she have rate of 8%, compounded semiannually Round your answer to the nearest controunding is required. $ 455,368.5
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