Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Question

H5.

 

Zorbat Wellington deposited $3,489 fifteen years ago into a bank account that paid 9.34% compounded annually. Today, he is planning to make a full withdrawal. How much can Zorbat expect to take home? O $914.14 O $12,000.00 $13,316.41 O $1,025,600.99
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Transcribed Image Text:Zorbat Wellington deposited $3,489 fifteen years ago into a bank account that paid 9.34% compounded annually. Today, he is planning to make a full withdrawal. How much can Zorbat expect to take home? O $914.14 O $12,000.00 $13,316.41 O $1,025,600.99
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