Calculate the future value of an investment if the annual interest rate is 9%, number of payments is 30, and each payment of $1000 is made at the end of the year. A. $102,893 B. $136,308 OC. $108,212 O D. $98,234

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 15PROB
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Calculate the future value of an investment if the annual interest rate is 9%, number of payments is 30, and each payment of $1000 is
made at the end of the year.
A. $102,893
B. $136,308
C. $108,212
O D. $98,234
Transcribed Image Text:Calculate the future value of an investment if the annual interest rate is 9%, number of payments is 30, and each payment of $1000 is made at the end of the year. A. $102,893 B. $136,308 C. $108,212 O D. $98,234
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