MC Qu. 01-93 The future value of ... future value of $1,900 deposited each year for 7 years earning 8 percent would be approximately how much? Use Exhibit 18 ce: Round time value factors to 3 decimal places and final answer to the nearest dollar amount. Multiple Choice O $18.054 $14,364 $13.300

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter1: Understanding Personal Finance
Section1.4: Perform Time Value Of Money Calculations
Problem 3CC
icon
Related questions
Question

188.

Subject  :- Finance 

TB MC Qu. 01-93 The future value of ...
The future value of $1,900 deposited each year for 7 years eaming 8 percent would be approximately how much? Use Exhibit 1.8
Note: Round time value factors to 3 decimal places and final answer to the nearest dollar amount.
Multiple Choice
(
$18.054
$14,364
$13,300
Transcribed Image Text:TB MC Qu. 01-93 The future value of ... The future value of $1,900 deposited each year for 7 years eaming 8 percent would be approximately how much? Use Exhibit 1.8 Note: Round time value factors to 3 decimal places and final answer to the nearest dollar amount. Multiple Choice ( $18.054 $14,364 $13,300
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Present Value
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Personal Finance
Personal Finance
Finance
ISBN:
9781337669214
Author:
GARMAN
Publisher:
Cengage
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage