Question
What would be the value of a savings account started with $825, earning 8 percent (compounded annually) after 13 years? Future value: Brenda Young desires
What would be the value of a savings account started with $825, earning 8 percent (compounded annually) after 13 years?
Future value:
Brenda Young desires to have $14,000 eight years from now for her daughters college fund. If she will earn 5 percent (compounded annually) on her money, what amount should she deposit now? Use the present value of a single amount calculation.
Present value:
What amount would you have if you deposited $2,900 a year for 25 years at 7 percent (compounded annually)?
Future value:
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Finance For Growing Enterprises
Authors: Edward W. Davis, Roger Buckland
1st Edition
1138679941, 978-1138679948
