After working for years in her small business. Dr Ewere was finally making money. Since she was still worried about emergencies, she decided to put $185,750 in an investment for 4 years. Find the future value if it earns (a) 8%, per year compounded quarterly and (b) 4%, per year compounded semi annually. (c) Then find the difference between the two
After working for years in her small business. Dr Ewere was finally making money. Since she was still worried about emergencies, she decided to put $185,750 in an investment for 4 years. Find the future value if it earns (a) 8%, per year compounded quarterly and (b) 4%, per year compounded semi annually. (c) Then find the difference between the two
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter27: Time Value Of Money (compound)
Section: Chapter Questions
Problem 6E
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After working for years in her small business. Dr Ewere was finally making money. Since she was still worried about emergencies, she decided to put $185,750 in an investment for 4 years. Find the future value if it earns (a) 8%, per year compounded quarterly and (b) 4%, per year compounded semi annually. (c) Then find the difference between the two
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