Grim Smith plans to invest ¥12 million, three years from now. The rate of return has been estimated at 8 percent per year. What is the future value of this investment 11 years from now? ¥22.21 million. ¥27.98 million. ¥35.25 million.

Grim Smith plans to invest ¥12 million, three years from now. The rate of return has been estimated at 8 percent per year. What is the future value of this investment 11 years from now? ¥22.21 million. ¥27.98 million. ¥35.25 million.

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter10: Valuing Early-stage Ventures

Section: Chapter Questions

Problem 2dM

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Grim Smith plans to invest ¥12 million, three years from now. The rate of return has been estimated at 8 percent per year. What is the future value of this investment 11 years from now?
1. ¥22.21 million.
2. ¥27.98 million.
3. ¥35.25 million.

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