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Round to 2 decimal places please, thanks! Exercise C-4 (Algo) Calculate the future value of a single amount (LO C-2) You are saving for a
Round to 2 decimal places please, thanks!
Exercise C-4 (Algo) Calculate the future value of a single amount (LO C-2) You are saving for a new boat. You place $31,000 in an investment account today that earns 5% compounded annually. How much will be in the account after (a) three years, (b) four years, or (c) five years? (FV of \$1, PV of $1, FVA of $1, and (Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places.)Step by Step Solution
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