Question
Find the future value of a five-year $97,000 investment that pays 8.25 percent and that has the following compounding periods: (round answer to nearest penny)
Find the future value of a five-year $97,000 investment that pays 8.25 percent and that has the following compounding periods:
(round answer to nearest penny)
A. Quarterly $___________
B. Monthly $___________
C. Daily $___________
D. Continuous $____________
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Fundamentals of Investments, Valuation and Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
8th edition
1259720697, 1259720691, 1260109437, 9781260109436, 978-1259720697
