Question
Assume that you deposit $ 3,466 into an account that pays 14 percent per annum. How much money will be in the account 12 years
Assume that you deposit $ 3,466 into an account that pays 14 percent per annum. How much money will be in the account 12 years from today? (Round your answer to 2 decimal places; record your answer without commas and without a dollar sign).
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
