ng off some of your older business equipment and expect to receive $9,000.  You plan on investing it at 5% interest rate, compounded monthly, for 2 years.  What is

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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You are selling off some of your older business equipment and expect to receive $9,000.  You plan on investing it at 5% interest rate, compounded monthly, for 2 years.  What is the future value of the investment after 2 years?

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In this we have calculate the future value of money after two years.

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