What is the future value of a $12,500 investment, earning eight-percent interest per period, after three periods? (Round your answer to the nearest dollar.) A. $15,746 B. $15,320 C. $15,943 D. $15,500
What is the future value of a $12,500 investment, earning eight-percent interest per period, after three periods? (Round your answer to the nearest dollar.) A. $15,746 B. $15,320 C. $15,943 D. $15,500
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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![What is the future value of a $12,500
investment, earning eight-percent interest per
period, after three periods? (Round your
answer to the nearest dollar.)
A. $15,746
B. $15,320
C. $15,943
D. $15,500](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff0b482fa-652d-4967-96f3-17ec50facff5%2F656b68f7-25ed-4594-8bed-ae1fb27a37e6%2Frzr17qo_processed.jpeg&w=3840&q=75)
Transcribed Image Text:What is the future value of a $12,500
investment, earning eight-percent interest per
period, after three periods? (Round your
answer to the nearest dollar.)
A. $15,746
B. $15,320
C. $15,943
D. $15,500
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