(Related to Checkpoint 5.2) (Future value) If you deposit $4,000 today into an account earning an annual rate of return of 9 percent, what would your account be worth in 40 years (assuming no further deposits)? In 45 years? a. If you deposit $4,000 today into an account earning an annual rate of return of 9 percent, what would your account be worth in 40 years? $(Round to the nearest cent.)
(Related to Checkpoint 5.2) (Future value) If you deposit $4,000 today into an account earning an annual rate of return of 9 percent, what would your account be worth in 40 years (assuming no further deposits)? In 45 years? a. If you deposit $4,000 today into an account earning an annual rate of return of 9 percent, what would your account be worth in 40 years? $(Round to the nearest cent.)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question 5
Transcribed Image Text:(Related to Checkpoint 5.2) (Future value) If you deposit $4,000 today into an account earning an annual rate of return of 9 percent, what would your account be worth in 40 years (assuming no further deposits)? In 45 years?
a. If you deposit $4,000 today into an account earning an annual rate of return of 9 percent, what would your account be worth in 40 years?
$(Round to the nearest cent.)
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