Compute the future value (rounded to the nearest dollar) of the following investments. 1. $$ 10,209$ invested
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Compute the future value (rounded to the nearest dollar) of the following investments.
1. $\$ 10,209$ invested to earn interest at 8 percent compounded annually for 5 years 2. $\$ 10,908$ invested to earn interest at 10 percent compounded semiannually for $81 / 2$ years.
3. $\$ 5,920$ invested to earn interest at 12 percent compounded quarterly for 4 years 4. $\$ 4,166$ invested to earn interest at 8 percent compounded semiannually for 20 years.
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Related Book For
Survey Of Accounting
ISBN: 9780538846172
1st Edition
Authors: James D. Stice, W. Steve Albrecht, Earl Kay Stice, K. Fred Skousen
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