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Norton Company has a 14% compound annual interest rate. If the firm invests $100,000 today, how much will have accumulated by the end of eight

Norton Company has a 14% compound annual interest rate. If the firm invests $100,000 today, how much will have accumulated by the end of eight years?

Use appendixTable 1,Table 2,Table 3andTable 4.

Multiple Choice

$1,430,000.
$434,820.
None of the answers is correct.
$254,340.
$285,300.

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