Question
2. A $200 deposit today that earns an annual interest rate of 5% is worth how mcuh at the end of two years? Assume all
2. A $200 deposit today that earns an annual interest rate of 5% is worth how mcuh at the end of two years? Assume all interest recieved at the end of the first year is reinvested the second year.
A) $181.41
B) $220.00
C) $220.50
D) $242
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Corporate Financial Management
Authors: Julian Ralph Franks, Harry H. Scholefield
2nd Edition
0566020548, 978-0566020544
