Xavier now has $500. How much would he have after 7 years if he leaves it invested at 5.4% with annual compounding?    a. $722.53    b. $726.03    c. $527.00    d. $685.51    e. $737.45

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 10E
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Xavier now has $500. How much would he have after 7 years if he leaves it invested at 5.4% with annual compounding? 

 

a. $722.53 

 

b. $726.03 

 

c. $527.00 

 

d. $685.51 

 

e. $737.45

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