What is the future value of $5,700 invested for 18 years at 9% compounded annually? a. $26,397.74 b. $26,887.59 c. $28,511.15 d. $27,513.06 e. $27,520.22

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 18E
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General Accounting

What is the future value of $5,700 invested for 18 years at 9%
compounded annually?
a. $26,397.74
b. $26,887.59
c. $28,511.15
d. $27,513.06
e. $27,520.22
Transcribed Image Text:What is the future value of $5,700 invested for 18 years at 9% compounded annually? a. $26,397.74 b. $26,887.59 c. $28,511.15 d. $27,513.06 e. $27,520.22
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