EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN: 9781337514835
Author: MOYER
Publisher: CENGAGE LEARNING - CONSIGNMENT
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How much will you have in 12 years on these financial accounting question?

You are scheduled to receive $60,000 in 4 years. When you
receive it, you will invest it for 8 more years at 5% per year.
How much will you have in 12 years?
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Transcribed Image Text:You are scheduled to receive $60,000 in 4 years. When you receive it, you will invest it for 8 more years at 5% per year. How much will you have in 12 years?
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