Answered: If you invested $12,000 into an account…

If you invested $12,000 into an account paying 9% compounded monthly (j12), how much would you have in the account after 20 years? Round your answer to 2 decimal places. Your Answer:

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 12PROB

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If you invested $12,000 into an account paying 9% compounded monthly (j12), how
much would you have in the account after 20 years?
Round
your answer to 2 decimal places.
Your Answer:
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