Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 3PB: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...
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Give 2nd answer only
![A student has inherited $84945. If it is placed in a savings account that earns 3% interest, how much is in the
account in 20 years? Round to the nearest dollar. No units are necessary.
Answer:
How much must you invest now at 3% interest to accumulate $162627.2 in 45 years? Round to the nearest dollar.
No units are necessary.
Answer:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2bd9e7ec-86b8-495d-b681-2e1cfac24bd5%2F2539e1c7-9af5-4f91-9f8b-5834e83a4c45%2F0m0v9m_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A student has inherited $84945. If it is placed in a savings account that earns 3% interest, how much is in the
account in 20 years? Round to the nearest dollar. No units are necessary.
Answer:
How much must you invest now at 3% interest to accumulate $162627.2 in 45 years? Round to the nearest dollar.
No units are necessary.
Answer:
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