What is the future value of $775 deposited for one year earning an 8 percent interest rate annually? Note: Do not round intermediate calculations. Enter your answer as a whole number. Future value

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 31P
Question
What is the future value of $775 deposited for one year earning an 8 percent interest rate annually?
Note: Do not round intermediate calculations. Enter your answer as a whole number.
Future value
Transcribed Image Text:What is the future value of $775 deposited for one year earning an 8 percent interest rate annually? Note: Do not round intermediate calculations. Enter your answer as a whole number. Future value
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