Question
At the end of two years, what will be the balance in a savings account paying 8% annually if $16000 is deposited today? The future
At the end of two years, what will be the balance in a savings account paying 8% annually if $16000 is deposited today? The future value of one at 8% for one period is 1.08.
$16000
$18662
$18560
$17280
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Intermediate Accounting
Authors: Earl K. Stice, James D. Stice
19th edition
1133957919, 978-1285632988, 1285632982, 978-0357691229, 978-1133957911
