1. Assuming that you deposited $100 today in a bank at 6 percent annual interest rate. After four years.. Money (principal and interest) you can get back. A. $126 B. $79 is the closest amount of C. $124 D. $116

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section: Chapter Questions
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1. Assuming that you deposited $100 today in a bank at 6 percent annual interest rate. After four years..
Money (principal and interest) you can get back.
A. $126
B.
$79
is the closest amount of
C. $124
D. $116
Transcribed Image Text:1. Assuming that you deposited $100 today in a bank at 6 percent annual interest rate. After four years.. Money (principal and interest) you can get back. A. $126 B. $79 is the closest amount of C. $124 D. $116
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