Suzette invested $934.00 in a 95-day term deposit at 7.19% p.a. Using the future value formula, S= P(1 + rt), determine how much the investment will be worth at maturity. The future value is S (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
Problem 13E
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E Homework: Homework 3
Question 7, 7.3.1
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Suzette invested $934.00 in a 95-day term deposit at 7.19% p.a. Using the future value formula, S=P(1+ rt), determine how much the investment will be worth at maturity.
The future value is s
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Transcribed Image Text:E Homework: Homework 3 Question 7, 7.3.1 > Suzette invested $934.00 in a 95-day term deposit at 7.19% p.a. Using the future value formula, S=P(1+ rt), determine how much the investment will be worth at maturity. The future value is s (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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