Question: You invest $10,000 in a stock that grows at an annual rate of 8%. How much will your investment be worth after 3 years? Options: A) $12,597 B) $12,900 C) $13,000 D) $14,000
Question: You invest $10,000 in a stock that grows at an annual rate of 8%. How much will your investment be worth after 3 years? Options: A) $12,597 B) $12,900 C) $13,000 D) $14,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Question:
You invest $10,000 in a stock that grows at an annual rate of 8%. How much will your investment be
worth after 3 years?
Options:
A) $12,597
B) $12,900
C) $13,000
D) $14,000
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