e future worth in 157

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 9EB: If you invest $15,000 today, how much will you have in (for further instructions on future value in...
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Question 3
What is the future worth in year 10 of $5,000 at n 0, $10,000 at n 3 years, and $8,000 at n=5 years if the interest rate is 12% per year?
A. $24,157
B. $51,735
C. $62,540
D. None of these
Transcribed Image Text:Question 3 What is the future worth in year 10 of $5,000 at n 0, $10,000 at n 3 years, and $8,000 at n=5 years if the interest rate is 12% per year? A. $24,157 B. $51,735 C. $62,540 D. None of these
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