You are scheduled to receive $45,000 in two years. When you receive it, you will invest it for 5 more years at 5 percent per year. How much will you have in 7 years? Multiple Choice O $49,217.56 O $60,304.30 O $63,319.52 O $54,561.04 O $57,432.67

You are scheduled to receive $45,000 in two years. When you receive it, you will invest it for 5 more years at 5 percent per year. How much will you have in 7 years? Multiple Choice O $49,217.56 O $60,304.30 O $63,319.52 O $54,561.04 O $57,432.67

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 11EA: How much would you invest today in order to receive $30,000 in each of the following (for further...

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You are scheduled to receive $45,000 in two years. When you receive it, you will invest
it for 5 more years at 5 percent per year. How much will you have in 7 years?
Multiple Choice
O $49,217.56
O $60,304.30
O $63,319.52
O $54,561.04
O $57,432.67

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