Joshua now has $500. How much would he have after 11 years if he leaves it invested at 4.5% with annual compounding?   a. $815.76     b. $811.43     c. $522.50     d. $776.48     e. $829.72

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 1PROB
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Joshua now has $500. How much would he have after 11 years if he leaves it invested at 4.5% with annual compounding?
  a. $815.76  
  b. $811.43  
  c. $522.50  
  d. $776.48  
  e. $829.72
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