Find the future value, using the future value formula and a calculator. (Round your answer to the nearest cent.) $250 at 62% simple interest for 2 years
Find the future value, using the future value formula and a calculator. (Round your answer to the nearest cent.) $250 at 62% simple interest for 2 years
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....
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![Find the future value, using the future value formula and a calculator. (Round your answer to the nearest cent.)
$250 at 62% simple interest for 2 years](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8eed7960-9f78-4425-a01d-df42fd870069%2Feb7516ce-29c4-44b3-a68b-cd06a0f73ec3%2Fhyqxzzl_processed.png&w=3840&q=75)
Transcribed Image Text:Find the future value, using the future value formula and a calculator. (Round your answer to the nearest cent.)
$250 at 62% simple interest for 2 years
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