Tony Ring wants to attend Northeast College. If he deposits $52,087 today, how much will he have 5 years from now at 6% interest compounded semiannually? (Use the Table 12.1 provided.) Note: Do not round intermediate calculations. Round your answer to the nearest cent.

Tony Ring wants to attend Northeast College. If he deposits $52,087 today, how much will he have 5 years from now at 6% interest compounded semiannually? (Use the Table 12.1 provided.) Note: Do not round intermediate calculations. Round your answer to the nearest cent.

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter27: Time Value Of Money (compound)

Section: Chapter Questions

Problem 6E

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Tony Ring wants to attend Northeast College. If he deposits $52,087 today, how much will he have 5 years from now at 6% interest
compounded semiannually? (Use the Table 12.1 provided.)
Note: Do not round intermediate calculations. Round your answer to the nearest cent.
Amount

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