You are opening an investment account that will earn 6.5% compounded annually. You will invest $1,000 one year from today, $800 two years from today, and 1,200 three years from today. What will the value of your account be 4 years from today? 3.586 3,393 3,422 3,242 3,518

You are opening an investment account that will earn 6.5% compounded annually. You will invest $1,000 one year from today, $800 two years from today, and 1,200 three years from today. What will the value of your account be 4 years from today? 3.586 3,393 3,422 3,242 3,518

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 2P

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Question

You are opening an investment account that will earn 6.5% compounded annually.
You will invest $1,000 one year from today, $800 two years from today, and 1,200
three years from today. What will the value of your account be 4 years from today?
3.586
3,393
3,422
3,242
3,518

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