Question
A B C D 1 Which formula properly calculates the future value of an initial deposit of $30,000 left on 2 deposit for 8
A B C D 1 Which formula properly calculates the future value of an initial deposit of $30,000 left on 2 deposit for 8 years at an annual return of 10%? Your formula must return a positive value. 3 4 Initial deposit 5 Annual return 6 Number of years 7 Payments per year $30,000 10% 8 12 8 Multiple Choice *FV(85/87.86*87,84) FV(85/87,86 87.84) -FV(85/87.86'87,84) FV(+85/87.86'87,+84..)
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Financial and Managerial Accounting the basis for business decisions
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
16th edition
978-0078111044
