4. You have been offered $3,000 in 4 years for providing $2,000 today into a business venture with a friend. If interest rates are 10%, is this a good investment for you? 5. What will $82,000 grow to be in 11 years if it is invested today at 8% and the interest rate is compounded monthly? 6. How many years will it take for $136,000 to grow to $468,000 if it is invested in an account with an annual interest rate of 8%? 7. At what interest rate must $112,000 be invested so that it will be worth $392,000 in 14 years? Insert your answ Insert your answe Insert your answe
4. You have been offered $3,000 in 4 years for providing $2,000 today into a business venture with a friend. If interest rates are 10%, is this a good investment for you? 5. What will $82,000 grow to be in 11 years if it is invested today at 8% and the interest rate is compounded monthly? 6. How many years will it take for $136,000 to grow to $468,000 if it is invested in an account with an annual interest rate of 8%? 7. At what interest rate must $112,000 be invested so that it will be worth $392,000 in 14 years? Insert your answ Insert your answe Insert your answe
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter11: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 11.18E
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