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Loti knows that she will need a new roof on her house in about 9 years' time. In order to plan for this significant cost,
- Loti knows that she will need a new roof on her house in about 9 years' time. In order to plan for this significant cost, she invests $3,000 in 3 years' time, and an additional $6,000 in 6 years' time, how much will she have 9 years from today at an interest rate of 8%, compounded monthly?
- $11,933
- $12,462
- $12,755
- $11,854
- $12,391
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Cases in Financial Reporting
Authors: Michael J. Sandretto
1st edition
538476796, 978-0538476799
