Jose now has $100. How much would he have after 8 years if he leaves it invested at 5% with annual compounding? OA. $103.38 OB. $118.10 OC. $146.93 O D. $147.75

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 10E
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Jose now has $100. How much would he have after 8 years if he leaves it invested at 5% with annual compounding?
OA. $103.38
OB. $118.10
OC. $146.93
O D. $147.75
Transcribed Image Text:Jose now has $100. How much would he have after 8 years if he leaves it invested at 5% with annual compounding? OA. $103.38 OB. $118.10 OC. $146.93 O D. $147.75
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