Question
Assume you can save $8,500 at the end of Year 2, $9,300 at the end of Year 3, and $7,100 at the end of Year
Assume you can save $8,500 at the end of Year 2, $9,300 at the end of Year 3, and $7,100 at the end of Year 6. If today is Year 0, what is the future value of your savings 20 years from now if the rate of return is 8.7 percent annually?
| $40,822.55 | ||
| None of the answers is correct | ||
| $35,211.57 | ||
| $94,564.54 | ||
| $99,387.92 |
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Foundations Of Financial Management
Authors: Stanley B. Block, Geoffrey A. Hirt, Bartley R. Danielsen
13th Edition
0073382388, 978-0073382388
