You have been depositing money into an account yearly based on the following investment amounts, rates and times, what is the value of that investment account at the end of that period?(Click here to see present value and future value tables)Amounts ofInvestmentRateTimesValue at the Endof the Period$9,000 20%16 years$fill in the blank 1$13,000 15%11 years$fill in the blank 2$16,000 12%6 years$fill in the blank 3$35,000 10%4 years$fill in the blank 4

The FV (future value) of the investments is calculated as per the time period, rate, and amount of…

Answered: You have been depositing money into an…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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You have been depositing money into an account yearly based on the following investment amounts, rates and times, what is the value of that investment account at the end of that period?

(Click here to see present value and future value tables)

Amounts of Investment	Rate	Times	Value at the End of the Period
$9,000	20%	16 years	$fill in the blank 1
$13,000	15%	11 years	$fill in the blank 2
$16,000	12%	6 years	$fill in the blank 3
$35,000	10%	4 years	$fill in the blank 4

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