Answered: How much money would you have had to…

How much money would you have had to invest on 1/1/2010 in a savings account that yields 1% interest (compounded annually) to have $100 on 1/1/2013? $100.00 $98.03 $97.00 $98.00 $97.06 O O

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

How much money would you have had to
invest on 1/1/2010 in a savings account that
yields 1% interest (compounded annually) to
have $100 on 1/1/2013?
$100.00
$98.03
$97.00
$98.00
$97.06
O O O O O

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