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Using only the factors provided in this table below (do not use excel, a scientific calculator, know the correct factor to use) Interest is
Using only the factors provided in this table below (do not use excel, a scientific calculator, know the correct factor to use) Interest is 4% per period: Periods FV of $1 PV of $1 FVA of $1 PVA of $1 1 1.0400 9615 2.0400 0.9615 2 1.0816 9246 3.1216 1.8861 3 1.1249 8890 4.2465 2.7751 4 5 1.1699 1.2167 8548 5.4163 3.6299 8219 6.633 4.4518 If $8700 is put in a savings account each year paying interest of 4% compounded annually, what amount will be in the account at the end of 5 years?
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Financial Accounting
Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin
5th Canadian edition
133472264, 978-0133446265, 133446263, 978-0133472264
