If the interest rate is 6%, then the future value of a two-year investment of $1,000 is $1,012.36. a. True. b. False.

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 15PROB
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Hi expert please give me answer general accounting

If the interest rate is 6%, then the future value of a two-year investment of $1,000 is
$1,012.36.
a. True.
b. False.
Transcribed Image Text:If the interest rate is 6%, then the future value of a two-year investment of $1,000 is $1,012.36. a. True. b. False.
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