If $19,000 is invested at 5% compounded quarterly, what is the amount after 9 years? The amount after 9 years will be $ (Round to the nearest cent.)

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 $19,000 is invested at 5% compounded quarterly, what is the amount after 9 years?
The amount after 9 years will be $
(Round to the nearest cent.)
Transcribed Image Text:If $19,000 is invested at 5% compounded quarterly, what is the amount after 9 years? The amount after 9 years will be $ (Round to the nearest cent.)
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