Question
a. What would be the future value of $19378 invested now if the money remains deposited for 8 years, the annual interest rate is 18%,
a. What would be the future value of $19378 invested now if the money remains deposited for 8 years, the annual interest rate is 18%, and interest on the investment is compounded semiannually?
b. How would your answer for (a) change if quarterly compounding were used?
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
2nd Edition
0324289235, 9780324289237
