How much will $24,000 grow to in three years, assuming an interest rate of 8% compounded annually? (FV of $1, PV of $1, FVA of
How much will $24,000 grow to in three years, assuming an interest rate of 8% compounded annually? (FV of $1, PV of $1, FVA of $1, and PVA of $1). (Use appropriate factor(s) from the tables provided.)
a. $54,233
b. $29,760
c. $30,233
d. $43,052
Please show work
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Authors: Charles T. Horngren
3rd Edition
0131800345, 978-0131800342
