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2) If Anna deposits $11,500 in the bank today, what will her money be worth in 3 years at 8% if it's compounded semi-annually. n=6 a) $14,584 b) $14,551 c) $14,486 d) $16,454 e) None of the above 4% A-1 table FV=11,500 x 1.2653= 14,550.95

2) If Anna deposits $11,500 in the bank today, what will her money be worth in 3 years at 8% if it's compounded semi-annually. n=6 a) $14,584 b) $14,551 c) $14,486 d) $16,454 e) None of the above 4% A-1 table FV=11,500 x 1.2653= 14,550.95

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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2) If Anna deposits $11,500 in the bank today, what will her money be worth in 3 years at 8% if it's compounded semi-annually. n=6 a) $14,584 b) $14,551 c) $14,486 d) $16,454 e) None of the above 4% A-1 table FV=11,500 x 1.2653= 14,550.95
Transcribed Image Text:2) If Anna deposits $11,500 in the bank today, what will her money be worth in 3 years at 8% if it's compounded semi-annually. n=6 a) $14,584 b) $14,551 c) $14,486 d) $16,454 e) None of the above 4% A-1 table FV=11,500 x 1.2653= 14,550.95
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