Answered step by step
Verified Expert Solution
Question
1 Approved Answer
What is the future value of a one-time investment of $90,000 at 5% in 6 years? Future value of $1: 4% 5% 5 1.217
What is the future value of a one-time investment of $90,000 at 5% in 6 years? Future value of $1: 4% 5% 5 1.217 6% 1.276 1.338 1.403 7% 8% 1.469 6 1.264 1.340 1.419 1.501 1.587 7 1.316 1.407 1.504 1.606 1.714 8 1.369 1.477 1.594 1.718 1.851 9 1.423 1.551 1.689 1.838 1.999 Future value of ordinary annuity of $1: 4% 5% 6% 7% 8% 5.637 5.751 5.867 6 6.633 6.802 6.975 7.153 7.336 5 5.416 5.526 OA. $507,330 OB. $612,180 OC. $120,420 OD. $120,600
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started