Question
Edward Lewis will deposit $25100 into an account today that earns 12% per year compounded annually. Using the following factors, what is the amount that
Edward Lewis will deposit $25100 into an account today that earns 12% per year compounded annually. Using the following factors, what is the amount that will be in the account at the end of the 4 years?
| Type of Cash Flow | Periods | Interest Rate | Factor |
|---|---|---|---|
| PV of $1 | 4 | 12% | 0.6355 |
| FV of $1 | 4 | 12% | 1.5735 |
| PV ordinary annuity | 4 | 12% | 3.0373 |
| FV ordinary annuity | 4 | 12% | 4.7793 |
| PV annuity due | 4 | 12% | 3.4018 |
$31902
$15951
$19747
$39495
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Managerial Accounting For Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
6th Edition
1264100590, 9781264100590
