Complete the following using compound future value. Time 13 years, Principal  $16,800, Rate 2%, Compounded annually. What is the amount? What is the interest?

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
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Complete the following using compound future value. Time 13 years, Principal  $16,800, Rate 2%, Compounded annually. What is the amount? What is the interest?

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