Question
If you invest $1,000 at the end of each of the next 5 years and the investment earns 4% interest, what is the value of
If you invest $1,000 at the end of each of the next 5 years and the investment earns 4% interest, what is the value of the investment at the end of 5 years?
| Future Value of an Annuity of $1 |
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| 4% | 5% | 6% | 7% | 8% | 9% |
| 4 | 4.246 | 4.310 | 4.375 | 4.440 | 4.506 | 4.573 |
| 5 | 5.416 | 5.526 | 5.637 | 5.751 | 5.867 | 5.985 |
| 6 | 6.633 | 6.802 | 6.975 | 7.153 | 7.336 | 7.523 |
| A. | $5,416 | |
| B. | $4,310 | |
| C. | $5,000 | |
| D. | $5,200 |
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Compliance Audits And Plans For Healthcare
Authors: Cherilyn G. Murer, Michael A. Murer, Lyndean Lenhoff Brick, Healthcare Financial Management Association (U. S.)
1st Edition
0070444625, 978-0070444621
