Question
Serafina Quiggle is planning to open an investment firm in 7 years and currently has an amount of $78,120.00. Given an interest rate of 6.00%
Serafina Quiggle is planning to open an investment firm in 7 years and currently has an amount of $78,120.00. Given an interest rate of 6.00% compounded tri-annually, how much will they have in 7 years?
A $93,042.17
B.$81,814.32
C. $117,463.60
D. $118,403.85
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
9th Edition
032431986X, 9780324319866
