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1 42 ints Skipped eBook Print eferences Brief Exercise 5-2 (Algo) Future value; single amount [LO5-2] You are saving for a new car. You place
1 42 ints Skipped eBook Print eferences Brief Exercise 5-2 (Algo) Future value; single amount [LO5-2] You are saving for a new car. You place $11,100 into an investment account today. How much will you have after four years if the account earns (a) 3%, (b) 5%, or (c) 7% compounded annually? Note: Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places. (FV of $1, PV of $1, FVA of $1, and PVA of $1) a. b. C. Investment Amount $ 11,100 11,100 11,100 Interest Rate 3% 5% 7% Compounding Annually Annually Annually Period Invested 4 years 4 years 4 years Future Value my
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