stion 4 Ellen now has $125. How much would she have after 8 years if she leaves it invested at 8.5 a. $205.83 b. $228.07 c. $252.08 d. $240.08 Oe. $216.67

Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter27: Time Value Of Money (compound)
Section: Chapter Questions
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Question 4
Ellen now has $125. How much would she have after 8 years if she leaves it invested at 8.5% with annual compounding?
a. $205.83
b. $228.07
c. $252.08
d. $240.08
e. $216.67
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Transcribed Image Text:L Moving to another question will save this response. Question 4 Ellen now has $125. How much would she have after 8 years if she leaves it invested at 8.5% with annual compounding? a. $205.83 b. $228.07 c. $252.08 d. $240.08 e. $216.67 A Moving to another question will save this response. Type here to search y W LG
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Question 2
The concept of time is money is having the following concept, except:
O Compound Interest
O Simple Interest
Discounting Method
Ordinary annuity due
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C
C
Transcribed Image Text:Question Completion Status: A Moving to another question will save this response. Question 2 The concept of time is money is having the following concept, except: O Compound Interest O Simple Interest Discounting Method Ordinary annuity due Moving to another question will save this response. Type here to search C C
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