An investment of $2,000 pays interest of 1.5% per month. What will be the value of this investment at the end of 3 years? Answers: A. $1,407.69 B. $3,286.00 C. $3,418.28 D. $3,613,84
An investment of $2,000 pays interest of 1.5% per month. What will be the value of this investment at the end of 3 years? Answers: A. $1,407.69 B. $3,286.00 C. $3,418.28 D. $3,613,84
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter19: Capital Investment
Section: Chapter Questions
Problem 19E
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An investment of $2,000 pays interest of 1.5% per month. What will be the value of this investment at the end of 3 years? Answers: A. $1,407.69 B. $3,286.00 C. $3,418.28 D. $3,613,84
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