Assume you invest $19,000 today. How much will you have in six years at an interest rate of 9%? Future Value of $1: 8% 9% 10% 1 1.080 1.090 1.100 2 1.166 1.188 1.210 3 1.260 1.295 1.331 4 1.360 1.412 1.464 5 1.469 1.539 1.611 6 1.587 1.677 1.772 A. $31,863 B. $29,241 C. $33,668 D. 30,153

Assume you invest $19,000 today. How much will you have in six years at an interest rate of 9%? Future Value of $1: 8% 9% 10% 1 1.080 1.090 1.100 2 1.166 1.188 1.210 3 1.260 1.295 1.331 4 1.360 1.412 1.464 5 1.469 1.539 1.611 6 1.587 1.677 1.772 A. $31,863 B. $29,241 C. $33,668 D. 30,153

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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Question

Assume you invest

$19,000

today. How much will you have in six years at an interest rate of 9%?

Future Value of $1:

	8%	9%	10%
1	1.080	1.090	1.100
2	1.166	1.188	1.210
3	1.260	1.295	1.331
4	1.360	1.412	1.464
5	1.469	1.539	1.611
6	1.587	1.677	1.772

$31,863

$29,241

$33,668

30,153

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