a) How much will this investment be worth after 10 years? (Round your answer to the nearest cent.) $ _____ b) What is the total amount earned in compound interest? (Round your answer to the nearest cent.) $ _____
a) How much will this investment be worth after 10 years? (Round your answer to the nearest cent.) $ _____ b) What is the total amount earned in compound interest? (Round your answer to the nearest cent.) $ _____
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 9EB: If you invest $15,000 today, how much will you have in (for further instructions on future value in...
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100%
Consider an investment where $49,000 is invested for 10 years at 8% compounded continuously.
a) How much will this investment be worth after 10 years? (Round your answer to the nearest cent.)
$ _____
b) What is the total amount earned in compound interest ? (Round your answer to the nearest cent.)
$ _____
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