Question
Jenny Sherrer has $23,000 to invest and believes that she will earn8% compounded semiannually. Find the future value amounts if she invests for 4 years
Jenny Sherrer has $23,000 to invest and believes that she will earn8% compounded semiannually. Find the future value amounts if she invests for 4 years and for 6 years. Then find the additional amount earned due to the longer period. Use the accompanying future value table.
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Equity Asset Valuation
Authors: Jerald E. Pinto, Elaine Henry, Thomas R. Robinson, John D. Stowe, Abby Cohen
2nd Edition
470571439, 470571438, 9781118364123 , 978-0470571439
