Step by step instructions  What is the future value of $4000 invested for 5 years at an interest rate of 5% p.a.? a. $5400 b. $3134 c. $5000 d. $5105

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 9EA: If you invest $12,000 today, how much will you have in (for further Instructions on future value in...
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What is the future value of $4000 invested for 5 years at an interest rate of 5% p.a.?

a.
$5400
b.
$3134
c.
$5000
d.
$5105
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