How much will be in an investment account 12 years from now if you deposit $3000 now and $5000 four years from now and the account earns interest at a rate of 10% per year? Use (a) tabulated factor values, (b) TVM functions on a financial calculator, and (c) built-in functions on a spreadsheet.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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How much will be in an investment account 12 years from now if you deposit $3000 now and $5000 four years from now and the account earns interest at a rate of 10% per year? Use (a) tabulated factor values, (b) TVM functions on a financial calculator, and (c) built-in functions on a spreadsheet.

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