Five years ago, you invested 8,050.77.  If you earned a compound annual rate of return of 3.50%, how much is your investment worth today?   Question 4 options:   10,878.34   9,561.79   9,233.54   10,242.32   8,619.74

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 9EA: If you invest $12,000 today, how much will you have in (for further Instructions on future value in...
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Five years ago, you invested 8,050.77.  If you earned a compound annual rate of return of 3.50%, how much is your investment worth today?

 

Question 4 options:

 

10,878.34

 

9,561.79

 

9,233.54

 

10,242.32

 

8,619.74

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