Question
If you invest $5,000 at the end of every year for nine years at an interest rate of 6%, which one of the following amounts
If you invest $5,000 at the end of every year for nine years at an interest rate of 6%, which one of the following amounts will be the balance of your investment in 5 years?
A.
$21,060.
B.
$26,500
C.
$28,185
D.
$34,008
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Managerial Accounting An Integrative Approach
Authors: C J Mcnair Connoly, Kenneth Merchant
2nd Edition
099950049X, 978-0999500491
