You deposit $17,000 each year for 10 years at 7%. Then you earn 9% after that. If you leave the money invested for another 5 years how much will you have in the 15th year? (select the answer closest to your answer) Multiple Choice $322276 $455855 O170000 $234880 O $170000 $361391

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 11EA: How much would you invest today in order to receive $30,000 in each of the following (for further...
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Question
You deposit $17,000 each year for 10 years at 7%. Then you earn 9% after that. If you
leave the money invested for another 5 years how much will you have in the 15th year?
(select the answer closest to your answer)
Multiple Choice
$322276
$455855
170000
$234880
$170000
$361391
Transcribed Image Text:You deposit $17,000 each year for 10 years at 7%. Then you earn 9% after that. If you leave the money invested for another 5 years how much will you have in the 15th year? (select the answer closest to your answer) Multiple Choice $322276 $455855 170000 $234880 $170000 $361391
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