Boris is saving for the down payment on a house. He deposits $13,750.00 today, $6,000.00 in 5 months, and $5,750.00 in 2 years. The account earns interest at the rate i(¹) = 9.788%. How much does he have in his account after 6 years? a. $43,814.74 O b. $45,516.28 O c. $44,240.12 d. $42,538.58 O e. $43,389.35 Certainty OC=1 (Unsure: <67%) OC=2 (Mid: >67%) OC=3 (Quite sure: >80%)

Boris is saving for the down payment on a house. He deposits $13,750.00 today, $6,000.00 in 5 months, and $5,750.00 in 2 years. The account earns interest at the rate i(¹) = 9.788%. How much does he have in his account after 6 years? a. $43,814.74 O b. $45,516.28 O c. $44,240.12 d. $42,538.58 O e. $43,389.35 Certainty OC=1 (Unsure: <67%) OC=2 (Mid: >67%) OC=3 (Quite sure: >80%)

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 1PROB

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Similar questions

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