What would be the value of a savings account started with $3,800, earning 8 percent (compounded annually) after 14 years? Use Exhibit 1-A. (Round time value factor to 3 decimal places and final answer to 2 decimal places.) Future value

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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Problem 5-4 Computing Future Value [LO5-4]
What would be the value of a savings account started with $3,800, earning 8 percent (compounded
annually) after 14 years? Use Exhibit 1-A. (Round time value factor to 3 decimal places and final answer
to 2 decimal places.)
Future value
Transcribed Image Text:Problem 5-4 Computing Future Value [LO5-4] What would be the value of a savings account started with $3,800, earning 8 percent (compounded annually) after 14 years? Use Exhibit 1-A. (Round time value factor to 3 decimal places and final answer to 2 decimal places.) Future value
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