​(Compound interest​) To what amount will the following investments​ accumulate?   a. ​$5,000 invested for 10 years at 10 percent compounded annually b. ​$8,000 invested for 7 years at 8 percent compounded annually c. ​$775 invested for 12 years at 12 percent compounded annually d. ​$21,000 invested for 5 years at 5 percent compounded annually

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 18E
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​(Compound
interest​)
To what amount will the following investments​ accumulate?
 
a.
​$5,000 invested for 10 years at 10 percent compounded annually
b.
​$8,000 invested for 7 years at 8 percent compounded annually
c.
​$775 invested for 12 years at 12 percent compounded annually
d.
​$21,000 invested for 5 years at 5 percent compounded annually
 
 
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