What is the equivalent value in period 4 of a series consisting of 11 yearly deposits of $8,000 considering an 6% interest compounded yearly. O 6,134.67 O 10,803.23 O 79,655.98 O 63,095.00 4

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
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QUESTION 7
What is the equivalent value in period 4 of a series consisting of 11 yearly deposits of $8,000 considering an 6%
interest compounded yearly.
O 6,134.67
O 10,803.23
O 79,655.98
O63,095.00
Transcribed Image Text:QUESTION 7 What is the equivalent value in period 4 of a series consisting of 11 yearly deposits of $8,000 considering an 6% interest compounded yearly. O 6,134.67 O 10,803.23 O 79,655.98 O63,095.00
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