Find the future value in five years of an investment of $148,000 made today that earns 10.00 percent for the following compounding periods: (Round your final answer to the nearest penny.) Value of investment after 5 years a. Quarterly $ _________________ b. Monthly $ ________________ c. Daily $ _________________ d. Continuous $ ____________________
Find the future value in five years of an investment of $148,000 made today that earns 10.00 percent for the following compounding periods: (Round your final answer to the nearest penny.) Value of investment after 5 years a. Quarterly $ _________________ b. Monthly $ ________________ c. Daily $ _________________ d. Continuous $ ____________________
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 18E
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Question
Find the
Value of investment after 5 years | ||||
a. | Quarterly | $ _________________ |
||
b. | Monthly | $ ________________ |
||
c. | Daily | $ _________________ |
||
d. | Continuous | $ ____________________ |
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