Answered: Marigold Corp. will invest $810000…

Marigold Corp. will invest $810000 today. The investment will earn 10% for 4 years, with no funds withdrawn. In 4 years, the amount in the investment fund is $1134000. $1185921. $1187746. $810000.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 27P

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Question

Marigold Corp. will invest $810000 today. The investment will earn 10% for 4 years, with no funds withdrawn. In 4 years, the amount in the investment fund is

$1134000.

$1185921.

$1187746.

$810000.

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