years from today, and 2,000 four years from today. What will the value of your account be 4 years from today? 21,768 20,637 22,421 23,929 25,363
years from today, and 2,000 four years from today. What will the value of your account be 4 years from today? 21,768 20,637 22,421 23,929 25,363
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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Question

Transcribed Image Text:You are opening an investment account that will earn 14.5% compounded annually.
You will invest $4,000 one year from today, $8000 two years from today, 6000 three
years from today, and 2,000 four years from today. What will the value of your
account be 4 years from today?
21,768
20,637
22,421
23,929
25,363
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