Stacy makes a $4,600 investment at the end of every year. Interest is 8% per year and is compounded quarterly. She makes a total of ten investments. Find the value of the investment immediately after the 10th investment. $71,395 $66,638 $76,661 $67,413 $48,928

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 24P
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Stacy makes a $4,600 investment at the end of every year. Interest is 8% per year and is compounded quarterly. She
makes a total of ten investments. Find the value of the investment immediately after the 10th investment.
$71,395
$66,638
$76,661
$67,413
$48,928
Transcribed Image Text:Stacy makes a $4,600 investment at the end of every year. Interest is 8% per year and is compounded quarterly. She makes a total of ten investments. Find the value of the investment immediately after the 10th investment. $71,395 $66,638 $76,661 $67,413 $48,928
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