Answered: 3. What sum would accumulate to 5, 250…

3. What sum would accumulate to 5, 250 in 8 years ay 9.5% simple interest? c. 2, 982.95 a. 9, 240.63 b.3, 990.02 d. 1, 260.00

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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3. What sum would accumulate to 5, 250 in 8 years ay 9.5% simple interest?
а. 9, 240.63
4. Find the present value of 5,000 due in 8 years if the money is worth 12% compounded semi-
annually.
a. 1, 96855.23
b.3, 990.02
c. 2, 982.95
d. 1, 260.00
b. 1,912.52 с. 1, 876.45
d. 2, 001.34

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