Swee King makes a single deposit now in an account that pays 4% interest per year, and after 5 years, will have RM10,000 in the account. If the account paid a higher interest, Swee King __________ to have the same amount in 5 years. Select one: a. should have deposited the money earlier b. should have deposited more money now c. could have withdrawn less interest d. could have deposited less money now
Swee King makes a single deposit now in an account that pays 4% interest per year, and after 5 years, will have RM10,000 in the account. If the account paid a higher interest, Swee King __________ to have the same amount in 5 years. Select one: a. should have deposited the money earlier b. should have deposited more money now c. could have withdrawn less interest d. could have deposited less money now
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 3PB: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...
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Swee King makes a single deposit now in an account that pays 4% interest per year, and after 5 years, will have RM10,000 in the account. If the account paid a higher interest, Swee King __________ to have the same amount in 5 years.
Select one:
a. should have deposited the money earlier
b. should have deposited more money now
c. could have withdrawn less interest
d. could have deposited less money now
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