Question
f Alice Godfried invests $14,000 today at a rate of 4% compounding yearly, what will the value of the investment be in 8 years? Future
f Alice Godfried invests $14,000 today at a rate of 4% compounding yearly, what will the value of the investment be in 8 years?
| Future Value of $1 |
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| 4% | 5% | 6% | 7% | 8% | 9% |
| 7 | 1.316 | 1.407 | 1.504 | 1.606 | 1.714 | 1.828 |
| 8 | 1.369 | 1.477 | 1.594 | 1.718 | 1.851 | 1.993 |
| 9 | 1.423 | 1.551 | 1.689 | 1.838 | 1.999 | 2.172 |
| 10 | 1.480 | 1.629 | 1.791 | 1.967 | 2.159 | 2.367 |
| A. | $18,311 | |
| B. | $19,967 | |
| C. | $19,166 | |
| D. | $19,000 |
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Master Your Money Insider Secrets For Financial Success
Authors: William J. Ramirez
1st Edition
979-8865784432
