Question
78. Robert plans to invest $650 in a savings account at the beginning of each of the next seven years. If his opportunity cost rate
78. Robert plans to invest $650 in a savings account at the beginning of each of the next seven years. If his opportunity cost rate is 5 percent compounded annually, how much will his investment be worth at the end of seven years?
|
| a. | $5,048 |
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| b. | $5,292 |
|
| c. | $5,557 |
|
| d. | $6,058 |
|
| e. | $6,656 |
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Finance In Asia Institutions Regulation And Policy
Authors: Qiao Liu, Paul Lejot, Douglas W. Arner
1st Edition
0415423201, 9780415423205
