Answered: The sum of money $ 1352 deposit in bank…

The sum of money $ 1352 deposit in bank in 2 years at 4 % per annum of compound interest is Select one: $ 1642.3 $ 1426.3 $ 1462.3 lr $ 1246.3

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 22PROB

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The sum of money $ 1352 deposit in bank in
2 years at 4 % per annum of compound
interest is
Select one:
$ 1642.3
$ 1426.3
$ 1462.3
plirr $ 1246.3

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