Question
Vincenza Braunstein sends a cheque to their child,Armandina, in the amount of $9,220.00 every day for 22 years how much is this investment worth at
Vincenza Braunstein sends a cheque to their child,Armandina, in the amount of $9,220.00 every day for 22 years how much is this investment worth at the end of 22 years? Assume an interest rate of 8.00%.
| a. $94,050.86 | ||
| b. $511,311.28 | ||
| c. $34,827,571.91 | ||
| d. $202,394,046.19 |
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
14th edition
1337090581, 978-1337090582
