How much would be in your account in 8years after depositing $2000 now? Theannual interest rate is 8%.Оа.$4317.8O b. $6211.7О с.$4952.0O d. $3701.9 What is the present of three $300payments at the end of the third yearfourth year and fifth year? The annualinterest rate is 8%.а.$441.9O b. $237.9О с.$713.7O d. $662.8

Calculate the future value as shown below Therefore, the correct option is (d)

Answered: How much would be in your account in 8…

How much would be in your account in 8 years after depositing $2000 now? The annual interest rate is 8%. O a. $4317.8 O b. $6211.7 О с. $4952.0 O d. $3701.9

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

How much would be in your account in 8
years after depositing $2000 now? The
annual interest rate is 8%.
Оа.
$4317.8
O b. $6211.7
О с.
$4952.0
O d. $3701.9

What is the present of three $300
payments at the end of the third year
fourth year and fifth year? The annual
interest rate is 8%.
а.
$441.9
O b. $237.9
О с.
$713.7
O d. $662.8

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