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Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381 Exercise 4
Use Table FA-1 (in Exhibit B-2) and Table FA-2 (in Exhibit B-4 ) to determine the future amounts of the following investments:
a.50,000 is invested for 10 years, at 6 percent interest, compounded annually.
b.240,000 is to be received five years from today, at 10 percent annual interest.
c.20,000 is invested in a fund at the end of each of the next 10 years, at 8 percent interest, compounded annually.
d.80,000 is invested initially, plus $6,000 is invested annually at the end of each of the next three years, at 12 percent interest, compounded annually.
a.50,000 is invested for 10 years, at 6 percent interest, compounded annually.
b.240,000 is to be received five years from today, at 10 percent annual interest.
c.20,000 is invested in a fund at the end of each of the next 10 years, at 8 percent interest, compounded annually.
d.80,000 is invested initially, plus $6,000 is invested annually at the end of each of the next three years, at 12 percent interest, compounded annually.
Explanation
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Future Value:
Future value is the amoun...
Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
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