Question
On April 28, 2020 a sum of $39,700.00 was deposited into an account. What would be the future value of this sum of money
On April 28, 2020 a sum of $39,700.00 was deposited into an account. What would be the future value of this sum of money on July 9, 2024, if the interest rate is 2.67% compounded monthly. (1year = 365days) Round the value for FV to two decimal places. P/Y = 12 C/Y = 12 2.67 % DBD=1533 days I/Y = PV=$ 39700.00 PMT = $0 FV = $44340.93
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
22nd Edition
978-0324401844
