Question 1 Henry deposited $5,000 into an account which pays 10 percent compounded monthly, It has been 20 years since he made that deposit. How much does he have in that account now? O $36,640.4 O $5,902,7 O $33,637.5 O None of the listed items is correct.

Question 1 Henry deposited $5,000 into an account which pays 10 percent compounded monthly, It has been 20 years since he made that deposit. How much does he have in that account now? O $36,640.4 O $5,902,7 O $33,637.5 O None of the listed items is correct.

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter1: Business Transactions (ptrans)

Section: Chapter Questions

Problem 7R

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= Google Translate DETECT LANGUAGE ENGLISH ARABIC SPANISH If you deposit OMR 28252 in your account in a bank. Suppose the bank pays 8% compound interest half yearly. Calculate future value of your money in 5 years. Select one: a. 41510.66 b. All the given choices are not correct c. 60993.24 d. 41819.74 e. 34372.80 'iidha 'ana a almus Type here to search Esc F1 F2 F3 F4 F5 F6 F7 F8 #3 24 % % 7. 3 r 6.