You are going to deposit $3,800 in an account that pays .64 percent interest per quarter. How much will you have in 5 years? (Assume quarterly compounding.) Multiple Choice о $4,317.14 $4,321.94 О $4,289.69 О $4,311.95 $4,344.77
You are going to deposit $3,800 in an account that pays .64 percent interest per quarter. How much will you have in 5 years? (Assume quarterly compounding.) Multiple Choice о $4,317.14 $4,321.94 О $4,289.69 О $4,311.95 $4,344.77
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 3PA: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...
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Transcribed Image Text:You are going to deposit $3,800 in an account that pays .64 percent interest per quarter. How much will you have in 5 years? (Assume quarterly compounding.)
Multiple Choice
о
$4,317.14
$4,321.94
О
$4,289.69
О
$4,311.95
$4,344.77
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