Assuming an interest rate of 12%, if you invest a lump sum of $5,000 now, the balance of your investment in 7 years will be closest to

G umassglobal.blackboard.com C + Bb Take Test: Final Exam (Ch. 8-14) - ... C | Chegg.com Chapter 14 Quiz Flashcards | Quizlet Course Hero Question Completion Status: 62. 14 years 6.21 years O 6.28 years QUESTION 23 5 points Save Answer Assuming an interest rate of 12%, if you invest a lump sum of $5,000 now, the balance of your investment in 7 years will be closest to Future Value of $ Periods 3% 0% 12% 140 5 1.469 1.611 1.762 1.925 6 1.587 1.772 1.974 2. 195 7 1.714 1.949 2.21 2.502 8 1.851 2.144 2.476 2.853 9 1.999 .358 2.77 3.252 10 2.159 2.594 3.106 3.707 Future Value of Annuity of $1 Periods 8% 10% 12% 14% 5 5.867 6.105 6.353 6.610 6 7.336 7.716 8.115 8.536 3.923 9.487 0.089 10.730 8 0.637 1.436 2.300 3.233 9 2.488 3.579 4.776 16.085 10 4.487 15.937 17.549 19.337 $22,820. $11,055. $2,260. $35,000. QUESTION 24 5 points Save Answer Hadden Corporation is evaluating a capital investment opportunity. This project would require an initial investment of $45,000 to purchase equipment. The equipment will have a residual value at the end of its life of $2,000. The useful life of the equipment is 6 years. The new project is expected to generate additional net cash inflows of $22,000 per year for each of the six years. The company's Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Submit