Question
To save for her newborn son's college education, Lea Wilson will invest $23,000 at the beginning of each year for the next 12 years. The
To save for her newborn son's college education, Lea Wilson will invest $23,000 at the beginning of each year for the next 12 years. The interest rate is 9 percent. What is the future value? Use Appendix C to calculate the answer.
Multiple Choice
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$504,919.
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$64,699.
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$477,410.
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$527,919.
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Fixed Income Securities Tools For Todays Markets
Authors: Bruce Tuckman, Angel Serrat
4th Edition
1119835550, 978-1119835554
