What is the future value of $2,400 in 17 years assuming an interest rate of 7.9 percent
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What is the future value of $2,400 in 17 years assuming an interest rate of 7.9 percent compounded semiannually?
Future ValueFuture value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...
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The time line is 0 1 34 2400 FV For this problem we need to find the FV of a lump sum ...View the full answer
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Related Book For 
Fundamentals of Corporate Finance
ISBN: 978-0077861704
11th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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