If an investment of $45,000 is earning an interest rate of 4.00%, compounded annually, then it will take for this investment to reach a value of $53,686.19–assuming that no additional deposits or withdrawals are made during this time.

If an investment of $45,000 is earning an interest rate of 4.00%, compounded annually, then it will take for this investment to reach a value of $53,686.19–assuming that no additional deposits or withdrawals are made during this time.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter19: Capital Investment

Section: Chapter Questions

Problem 19E

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If an investment of $45,000 is earning an interest rate of 4.00%, compounded annually, then it will take
for this investment to reach a value of $53,686.19–assuming that no additional deposits or
withdrawals are made during this time.

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