11. Future Value of an Amount Saved. You estimate that you can save $3,800 by selling your home yourself rather than using a real estate agent. What would be the future value of that amount if invested for five years at 6 percent?

11. Future Value of an Amount Saved. You estimate that you can save $3,800 by selling your home yourself rather than using a real estate agent. What would be the future value of that amount if invested for five years at 6 percent?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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11. Future Value of an Amount Saved. You estimate that you can save $3,800 by selling your home yourself
rather than using a real estate agent. What would be the future value of that amount if invested for five
years at 6 percent?
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