Peter invested his $100 in bond B with a 10% interest after some years. In less than 2 years, he have $1150 in his account. With a positive outlook, he added another $100 on his account. What best describe his $1150? a. Future Value b. Dividend c. Present Value d. Earnings

Peter invested his $100 in bond B with a 10% interest after some years. In less than 2 years, he have $1150 in his account. With a positive outlook, he added another $100 on his account. What best describe his $1150? a. Future Value b. Dividend c. Present Value d. Earnings

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

ChapterM: Time Value Of Money Module

Section: Chapter Questions

Problem 4MC: Refer to the present value table information on the previous page. What amount should Brett have in...

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Peter invested his $100 in bond B with a 10% interest after some years. In less than 2 years, he have $1150 in his account. With a positive outlook, he added another $100 on his account.

What best describe his $1150?

a. Future Value

b. Dividend

c. Present Value

d. Earnings

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