If you deposit $2,800 today into an account earning a(n) 13 percent annual rate of return, what will your account be worth in 30 years (assuming no further deposits)? In 40 years? Click on the table icon to view the FVIF table In 30 years, your account will be worth $ In 40 years, your account will be worth $ (Round to the nearest cent) (Round to the nearest cent)

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
Problem 7CE
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217.

Subject : - Finance

If you deposit $2,800 today into an account earning a(n) 13 percent annual rate of return, what will your account be
worth in 30 years (assuming no further deposits)? In 40 years?
Click on the table icon to view the FVIF table
In 30 years, your account will be worth $
In 40 years, your account will be worth $
(Round to the nearest cent)
(Round to the nearest cent)
10
on
Transcribed Image Text:If you deposit $2,800 today into an account earning a(n) 13 percent annual rate of return, what will your account be worth in 30 years (assuming no further deposits)? In 40 years? Click on the table icon to view the FVIF table In 30 years, your account will be worth $ In 40 years, your account will be worth $ (Round to the nearest cent) (Round to the nearest cent) 10 on
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