Joshua now has $500. How much would he have after 11 years if he leaves it invested at 4.5% with annual compounding?   a. $815.76     b. $811.43     c. $522.50     d. $776.48     e. $829.72

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 18PROB
icon
Related questions
Question
Joshua now has $500. How much would he have after 11 years if he leaves it invested at 4.5% with annual compounding?
  a. $815.76  
  b. $811.43  
  c. $522.50  
  d. $776.48  
  e. $829.72
AI-Generated Solution
AI-generated content may present inaccurate or offensive content that does not represent bartleby’s views.
steps

Unlock instant AI solutions

Tap the button
to generate a solution

Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
EBK CFIN
EBK CFIN
Finance
ISBN:
9781337671743
Author:
BESLEY
Publisher:
CENGAGE LEARNING - CONSIGNMENT
Financial Accounting Intro Concepts Meth/Uses
Financial Accounting Intro Concepts Meth/Uses
Finance
ISBN:
9781285595047
Author:
Weil
Publisher:
Cengage