Answered: To what amount will the following…

To what amount will the following investment accumulate? $9,328, invested today for 31 years at 3 percent, compounded annually. Round the answer to two decimal places. Your Answer:

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 18PROB

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To what amount will the following investment accumulate?
$9,328, invested today for 31 years at 3 percent, compounded annually.
Round the answer to two decimal places.
Your Answer:
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