At end of three years, how much is an initial deposit of $100 worth, assuming a compound annual rate of 20 percent? (FVIF20%,3)=1.728, keep one after decimal point)

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
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At end of three years, how much is an initial deposit of $100 worth, assuming a compound annual rate of 20 percent? (FVIF20%,3)=1.728, keep one after decimal point)
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