Find the future value of the following investment. Nominal Rate Frequency of Conversion Principal Time $5900.00 4.7% annually 2 years The future value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed)

Find the future value of the following investment. Nominal Rate Frequency of Conversion Principal Time $5900.00 4.7% annually 2 years The future value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed)

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

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Find the future value of the following investment
Nominal
Rate
Frequency of
Conversion
Principal
Time
$5900.00
4.7%
annually
2 years
The future value is $
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed)

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