Your boss has asked you what the ending balance will be if he puts $8,000 into an

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Your boss has asked you what the ending balance will be if he puts $8,000 into an investment earning 9% interest compounded annually. He plans to leave the money untouched for 29 years. Unfortunately, you only have your accounting textbook available to help you and you find that Table 1 (inside the front cover) only goes up through 25 periods. How can you solve this problem using only Table 1? What will be the ending amount in the account?

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Financial Accounting Information For Decisions

ISBN: 978-0324672701

6th Edition

Authors: Robert w Ingram, Thomas L Albright

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