What is the future value of a $12,500 investment, earning eight-percent interest per period, after three periods? (Round your answer to the nearest dollar.) A. $15,746 B. $15,320 C. $15,943 D. $15,500

What is the future value of a $12,500 investment, earning eight-percent interest per period, after three periods? (Round your answer to the nearest dollar.) A. $15,746 B. $15,320 C. $15,943 D. $15,500

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA3: Time Value Of Money

Section: Chapter Questions

Problem 3CE

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What is the future value of a $12,500
investment, earning eight-percent interest per
period, after three periods? (Round your
answer to the nearest dollar.)
A. $15,746
B. $15,320
C. $15,943
D. $15,500

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