layat kli recer increased sales, it built up some extra money to invest. Hayat Kimya will make deposits every year into an investment fund such that each one is 4% larger than the preceding one. Hayat Kimya will make the first deposit one year from now. Which one of the following is closest to the present worth of this investment if the deposits extend through year 9 and the 4" deposit is $52,530? Use an interest rate of 11% per year. Select one: a. $ 50,516 b. $ 320, 119 c. $ 295,933 d. $ 273,081 e. $ 226,712

layat kli recer increased sales, it built up some extra money to invest. Hayat Kimya will make deposits every year into an investment fund such that each one is 4% larger than the preceding one. Hayat Kimya will make the first deposit one year from now. Which one of the following is closest to the present worth of this investment if the deposits extend through year 9 and the 4" deposit is $52,530? Use an interest rate of 11% per year. Select one: a. $ 50,516 b. $ 320, 119 c. $ 295,933 d. $ 273,081 e. $ 226,712

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 16P

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