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At the end of t years, the future value of an investment of $12,000 in an account that pays 9% APR compounded monthly is
At the end of t years, the future value of an investment of $12,000 in an account that pays 9% APR compounded monthly is S = 12,000 1 + 0.09) 12t deposits, how long will it take for the investment to amount to $60,000? 12 The investment will grow to $60,000 in years. (Do not round until the final answer. Then round to two decimal places as needed.) dollars. Assuming no withdrawals or additional
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Corporate Finance A Focused Approach
Authors: Michael C. Ehrhardt, Eugene F. Brigham
6th edition
1305637100, 978-1305637108
