Twenty years ago, you invested 16,612.70.  If you earned a compound annual rate of return of 6.30%, how much is your investment worth today?   Question 3 options:   62,745.76   51,482.69   54,218.18   60,328.54   56,377.46

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 9EB: If you invest $15,000 today, how much will you have in (for further instructions on future value in...
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Twenty years ago, you invested 16,612.70.  If you earned a compound annual rate of return of 6.30%, how much is your investment worth today?

 

Question 3 options:

 

62,745.76

 

51,482.69

 

54,218.18

 

60,328.54

 

56,377.46

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