What is the future worth in year 10 of $5,000 at n = 0, $10,000 at n = 3 years, and $8,000 at n = 5 years if the interest rate is 12% per year? a. $40,533 b. $71,435 c. $51,735 d. $16,657
What is the future worth in year 10 of $5,000 at n = 0, $10,000 at n = 3 years, and $8,000 at n = 5 years if the interest rate is 12% per year? a. $40,533 b. $71,435 c. $51,735 d. $16,657
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
What is the future worth in year 10 of $5,000 at n = 0, $10,000 at n = 3 years, and $8,000 at n = 5 years if the interest rate is 12% per year?
a. |
$40,533 |
|
b. |
$71,435 |
|
c. |
$51,735 |
|
d. |
$16,657 |
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