15. 2.124 At an interest rate of 8% per year, the future worth in year 15 of...

Question:

15. 2.124 At an interest rate of 8% per year, the future worth in year 15 of an investment plan that requires a deposit of $9000 now and amounts increasing by 8% per year through year 7, and nothing further, is closest to:

1. $282,303 2. $465,376 3. $228,395 4. $609,328

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Basics Of Engineering Economy

ISBN: 9781259683312

3rd Edition

Authors: Leland T. Blank, Anthony Tarquin

Question Posted: