Question: Given below are the future value factors for 1 at 6% for one to five periods. Interest is compounded annually at 6%. Periods Future Value
Given below are the future value factors for 1 at 6% for one to five periods. Interest is compounded annually at 6%. Periods Future Value of 1' at 6% 1.060 1.124 N 3 1.191 4 1.262 5 1.338 $10400 is deposited in a savings account today, what amount will be available six years from now? O $10400 x 1.191 x 2 O $10400 x 1.060 x 6 O $10400 x 1.124 x 3 O $10400 x 1.060 x 1.338
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