Question
(Future value) Leslie Mosallam, who recently sold her Porsche, placed $9,800 in a savings account paying annual compound interest of 7 percent If Leslie moves
(Future value) Leslie Mosallam, who recently sold her Porsche, placed $9,800 in a savings account paying annual compound interest of 7 percent
If Leslie moves her money into an account that pays 11 percent compounded annually for 6 years, the amount of money that will accumulate is $
.(Round to the nearest cent.)
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Financial Management Principles and Application
Authors: Arthur J. Keown, J. William Petty, David F. Scott, Jr.
10th edition
536514119, 536514110, 978-0536514110
