Question
If a nurse deposits $1,000 today in a bank account and the interest is compounded annually at 12%. What will be the value of this
If a nurse deposits $1,000 today in a bank account and the interest is compounded annually at 12%.
What will be the value of this investment:five years from now?
| a. | $1,762.30 |
| b. | $3,105.80 |
| c. | $5,473.60 |
| d. | $9,646.30 |
| e. | None of the above |
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Fundamentals of Financial Management
Authors: Eugene F. Brigham
Concise 9th Edition
1305635937, 1305635930, 978-1305635937
