a. $1,000 is invested at 8%/year compounded annually for 10 years? b. $5,000 is invested at 11%/year compounded annually for 4 years? c. $13,000 is invested at 9%/year compounded annually for 7 years? d. $25,000 is invested at 10%/year compounded annually for 3 years?

a. $1,000 is invested at 8%/year compounded annually for 10 years? b. $5,000 is invested at 11%/year compounded annually for 4 years? c. $13,000 is invested at 9%/year compounded annually for 7 years? d. $25,000 is invested at 10%/year compounded annually for 3 years?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

How much money can be withdrawn at the end of the investment period if:

a. $1,000 is invested at 8%/year compounded annually for 10 years?
b. $5,000 is invested at 11%/year compounded annually for 4 years?
c. $13,000 is invested at 9%/year compounded annually for 7 years?
d. $25,000 is invested at 10%/year compounded annually for 3 years?

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