Question
You invest $400 today, $500 next year, and $600 in 3 years from now. How much will you have 10 years from now if you
You invest $400 today, $500 next year, and $600 in 3 years from now. How much will you have 10 years from now if you are earning 12% on your savings?
A) $7,500
B) $8,600
C) $3,955
D) $2,810
Step by Step Solution
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We use the formula A P1 r100n where ...
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Principles of Corporate Finance
Authors: Richard A. Brealey, Stewart C. Myers
7th edition
72869461, 72467665, 9780072467666, 978-0072869460
