Question: Given below are the future value factors for 1 at 10% for one to five periods. Interest is compounded annually at 10%. Periods Future Value
Given below are the future value factors for 1 at 10% for one to five periods. Interest is compounded annually at 10%. Periods Future Value of 1 at 10% 1.100 1.210 1.331 1.464 1.611 What amount will be in a bank account three years from now if $11800 is invested each year for four years with the first investment to be made today? $11800 x 1.464 x 4 O $11800 x 1.100 x 4 ($11800 x 1.331) + ($11800 x 1.210)+($11800 1.100) $11800 ($11800 x 1.100)+($11800 x 1.210)+($11800 x 1.331) + ($11800 x 1.464)
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