If you invest $5,000 three years from now, how much will be in the account 15 years

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If you invest $5,000 three years from now, how much will be in the account 15 years from now if i = 10 percent compounded annually?

a. $8,053

b. $15,692

c. $20,886

d. $27,800

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Principles Of Engineering Economic Analysis

ISBN: 9781118163832

6th Edition

Authors: John A. White, Kenneth E. Case, David B. Pratt

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Question Posted: Mar 26, 2024 01:02 AM

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If you invest $5,000 three years from now, how much will be in the account 15 years

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To calculate the future value of an investment we can use the formu...View the full answer

Principles Of Engineering Economic Analysis

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