An investment of S6,560 earns interest at the rate of 5% and is compounded quarterly. What is the accumulated value of the investment at the end of 7 years? USe A = P (1+r/n)nt a59.289.00 b. S6,794.00 c. $11.245.00 d. $2.296.00

An investment of S6,560 earns interest at the rate of 5% and is compounded quarterly. What is the accumulated value of the investment at the end of 7 years? USe A = P (1+r/n)nt a59.289.00 b. S6,794.00 c. $11.245.00 d. $2.296.00

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 7PROB

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