If you deposit 100 OMR into your savings account at the beginning of each year over a 12-year period, what would the amount be in the account at the end of the twelfth year? Suppose the account earns 12%? O a. 1,902 O b. 2,703 O c. 2,413 O d. 1,801

If you deposit 100 OMR into your savings account at the beginning of each year over a 12-year period, what would the amount be in the account at the end of the twelfth year? Suppose the account earns 12%? O a. 1,902 O b. 2,703 O c. 2,413 O d. 1,801

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 16PROB

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Question

If you deposit 100 OMR into your savings account at
the beginning of each year over a 12-year period, what
would the amount be in the account at the end of the
twelfth year? Suppose the account earns 12%?
Оа. 1,902
O b. 2,703
О с. 2,413
O d. 1,801

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