On November 1, Suzy made a single deposit of $5,000 into an investment account that earns interest of 8% compounded annually. Question: Rounded to the nearest whole dollar, what will be the balance in her account at the end of nine (9) years? Note: You may use the factor tables located in the appendix of your textbook or use the factor table links located at the bottom of this question. The factor table you select should open up in a new window on your computer. Answer: $ (Remember to round to the nearest whole dollar. Do not use commas or decimals in your response.)
On November 1, Suzy made a single deposit of $5,000 into an investment account that earns interest of 8% compounded annually. Question: Rounded to the nearest whole dollar, what will be the balance in her account at the end of nine (9) years? Note: You may use the factor tables located in the appendix of your textbook or use the factor table links located at the bottom of this question. The factor table you select should open up in a new window on your computer. Answer: $ (Remember to round to the nearest whole dollar. Do not use commas or decimals in your response.)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:On November 1, Suzy made a single deposit of $5,000 into an investment account that earns interest of 8% compounded
annually.
Question: Rounded to the nearest whole dollar, what will be the balance in her account at the end of nine (9) years? Note: You
may use the factor tables located in the appendix of your textbook or use the factor table links located at the bottom of this
question. The factor table you select should open up in a new window on your computer.
Answer: $
(Remember to round to the nearest whole dollar. Do not use commas or decimals in your response.)
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