Question: Testbank Multiple Choice Question 65 Given below are the future value factors for 1 at 12% for one to five periods. Interest is compounded annually

Testbank Multiple Choice Question 65

Given below are the future value factors for 1 at 12% for one to five periods. Interest is compounded annually at 12%.

Periods

Future Value of 1 at 12%

1

1.120

2

1.254

3

1.405

4

1.574

5

1.762
What amount should be deposited in a bank account today to grow to $28000 three years from today?

$28000 1.405

$28000 1.405

$28000 1.405 3

$28000 1.120 3

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

* MyWay * CUNY Login x > WinPLUS edugen.wileyplus.com/edugen/lti/main.uni ories New Tab G simple mehndi desi G mehed styles - Ge... 3 Return to Blackboard -U TIS S Kieso, Intermediate Accounting, 17e...

Q:

Testbank Multiple Choice Question 67 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 1.060 2...

Q:

Testbank Multiple Choice Question 68 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 1.060 2...

Q:

Given below are the future value factors for 1 at 12% for one to five periods. Interest is compounded annually at 12%. Periods Future Value of 1 at 12% 1 1.120 2 1.254 3 1.405 4 1.574 5 1.762 What...

Q:

Given below are the future value factors for 1 at 12% for one to five periods. Interest is compounded annually at 12%. Periods Future Value of 1 at 12% 1.080 2 1.166 1.260 1.360 1.469 What amount...

Q:

CALCULATOR PRINTER URCES am Question 6 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 1.060 2...

Q:

Given below are the future value factors for 1 at 12% for one to five periods. Interest is compounded annually at 12%. What amount will be in a bank account three years from now if $9600 is invested...

Q:

Question 20 of 20 - / 0.4 View Policies Current Attempt in Progress Given below are the future value factors for 1 at 8% for one to five periods. Interest is compounded annually at 8%. Periods Future...

Q:

Given below are the future value factors for 1 at 8% for one to five periods. Periods Future Value of 1 at 8% 1 1.080 2 1.166 3 1.260 4 1.360 5 1.469 What amount should be deposited in a bank account...

Q:

Given below are the future value factors for 1 at 7% for one to five periods. Interest is compounded annually at 7%. Periods Future Value of 1 at 7% 1 1.070 2 1.145 3 1.225 4 1.311 5 1.403 If $15200...

Q:

1. Find the magnetic field at 0.350 m from a long wire carrying a current of 3.00 A. 2. Find the current in a wire if the magnetic field is 3.50 x 106 T at a distance of 2.50 m from the wire. 3. A...

Q:

what was one of the first documented studies that influenced organizations to offer employee benefits? Explain.

Q:

How can you tell that your document may have a spelling error? A wand in your dacument is highlighted in ycllow. A word in your document has a red, wavy underine. You can't tell urless you do a...

Q:

QUESTION 2 An athlete challenging a drug test on the grounds that it is an unreasonable search and seizure would attempt to prove to a court that: taking the athlete's urine or blood may constitute a...

Q:

Explain why Supreme must submit an affirmative action program. Generally, what should the program be designed to accomplish?

Q:

Identify and describe each of the major HRD functions

Q:

Cite some of the contemporary challenges facing HRD professionals