Question
I am investing $15,000 today in an account providing 8% annual interest compounded quarterly. Identify the details below that I need in order to determine
I am investing $15,000 today in an account providing 8% annual interest compounded quarterly. Identify the details below that I need in order to determine how much money I will have in 3 years.
What table must I use to find the relevant factor?
- Future value of single-sum
- Present value of single-sum
- Future value of ordinary annuity
- Present value of ordinary annuity
What is the interest rate to find the relevant factor?
What are the number of periods (n) to find the relevant factor?
What is the factor?
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Edp Auditing A Functional Approach
Authors: Albert J. Harnois
1st Edition
0132246848, 978-0132246842
