Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 8EA: You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how...
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![2. If you deposit $2500 two years from now in a bank account that pays 4% compounded annually, how much will you have five years from now?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F51f46f2a-4f28-4130-b9cb-975f7e2dbfbb%2F69dfe46c-5493-4197-92d5-44d1c50aa1ae%2Fy8xkuwg_processed.jpeg&w=3840&q=75)
Transcribed Image Text:2. If you deposit $2500 two years from now in a bank account that pays 4% compounded annually, how much will you have five years from now?
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