44) Ariel gives Prince Eric a check of $100,000 to build a salt-water pool in his backyard. Due to coastal commission restrictions, it will be
44) Ariel gives Prince Eric a check of $100,000 to build a salt-water pool in his backyard. Due to coastal commission restrictions, it will be five years before the pool is completed. If Prince Eric invests the entire amount at 8.0% compounded annually for five years, what is the future value of this money (rounded to the nearest one thousand dollars)?
$100,000
$130,000
$147,000
$216,000
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Authors: David Horner
10th Edition
0749472812, 978-0749472818
