On July 6, 2018 a sum of $36,700.00 was deposited into an account. What would be the future value of this sum of money on February 11, 2024, if the interest rate is 2.79% compounded annually. (1year = 365days) Round the value for FV to two decimal places. P/Y = 1 2.79 % PV = $36,700.0✓ C/Y = 1 PMT= $0 DBD = 2,046 FV = $42,814.5 x days I/Y=

On July 6, 2018 a sum of $36,700.00 was deposited into an account. What would be the future value of this sum of money on February 11, 2024, if the interest rate is 2.79% compounded annually. (1year = 365days) Round the value for FV to two decimal places. P/Y = 1 2.79 % PV = $36,700.0✓ C/Y = 1 PMT= $0 DBD = 2,046 FV = $42,814.5 x days I/Y=

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 36P

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