Tony Ring wants to attend Northeast College. If he deposits $51,210 today, how much will he have 4 years from now at 4% interest compounded semiannually? (Use the Table 12.1 provided.) Note: Do not round intermediate calculations. Round your answer to the nearest dollar amount. Amount

Tony Ring wants to attend Northeast College. If he deposits $51,210 today, how much will he have 4 years from now at 4% interest compounded semiannually? (Use the Table 12.1 provided.) Note: Do not round intermediate calculations. Round your answer to the nearest dollar amount. Amount

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

ChapterM: Time Value Of Money Module

Section: Chapter Questions

Problem 11RE: Samuel Ames owes 20,000 to a friend. He wants to know how much he would have to pay if he paid the...

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Subject: acounting

Tony Ring wants to attend Northeast College. If he deposits $51,210 today, how much will he have 4 years from now at 4% interest
compounded semiannually? (Use the Table 12.1 provided.)
Note: Do not round intermediate calculations. Round your answer to the nearest dollar amount.
Amount

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