What is the future value of $39,000 invested today at 9% interest in 20 years with interest compounded monthly?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 5P
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Future value

What is the future value of $39,000
invested today at 9% interest in 20
years with interest compounded
monthly?
Transcribed Image Text:What is the future value of $39,000 invested today at 9% interest in 20 years with interest compounded monthly?
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