What amount of cash would result at the end of one year, if $14,000 is invested today and the rate of return is 12%? (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to the nearest dollar.)   Multiple Choice   A. $15,680   B. $14,000   C. $15,540   D. $12,320

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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What amount of cash would result at the end of one year, if $14,000 is invested today and the rate of return is 12%? (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to the nearest dollar.)

 

Multiple Choice
 

A. $15,680

 

B. $14,000

 

C. $15,540

 

D. $12,320

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