What is the future value of $400 deposited for one year earning an interest rate of 9 percent per year? (Do not round intermediate calculations. Enter your answer as a whole number.)
What is the future value of $400 deposited for one year earning an interest rate of 9 percent per year? (Do not round intermediate calculations. Enter your answer as a whole number.)
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 7P
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What is the future value of $400 deposited for one year earning an interest rate of 9 percent per year? (Do not round intermediate calculations. Enter your answer as a whole number.)
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Step 1
Amount Deposited = $400
Interest Rate = 9%
Period = 1 year
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