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
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 2P
Related questions
Question
![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa55f705d-8e32-47b0-8eeb-545c809aea26%2F260ca890-83ab-47cd-a92e-790727d94093%2Fw9jaer_processed.jpeg&w=3840&q=75)
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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