Nelson invested $100 at 5% interest compounded annually. Which of the following data tables describes Nelson's investment? Table A Table B Table C Time Amount Time Amount Time Amount (years) (dollars) (years) (dollars) (years) (dollars) 100 100 100 1 105 1 105.05 105 2. 110 110.10 2 110.25 3 115 115.15 3 115.76 4 120 120.20 4 121.55 2 3 4
Nelson invested $100 at 5% interest compounded annually. Which of the following data tables describes Nelson's investment? Table A Table B Table C Time Amount Time Amount Time Amount (years) (dollars) (years) (dollars) (years) (dollars) 100 100 100 1 105 1 105.05 105 2. 110 110.10 2 110.25 3 115 115.15 3 115.76 4 120 120.20 4 121.55 2 3 4
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 21PROB
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