Coronado Industries will invest $100000 every December 31st for the next six years (2020 – 2025). If Coronado will earn 10% on the investment, what amount will be in the investment fund on December 31, 2025?
Coronado Industries will invest $100000 every December 31st for the next six years (2020 – 2025). If Coronado will earn 10% on the investment, what amount will be in the investment fund on December 31, 2025?
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 27P
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Coronado Industries will invest $100000 every December 31st for the next six years (2020 – 2025). If Coronado will earn 10% on the investment, what amount will be in the investment fund on December 31, 2025?
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