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What sum of money will grow to $23000.00 in seven years at 9.612% compounded monthly? FV = $ IY = CY=i =n=

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter19: Capital Investment

Section: Chapter Questions

Problem 23E: Assume that an investment of 100,000 produces a net cash flow of 60,000 per year for two years. The...

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What sum of money will grow to $23000.00 in
seven years at 9.612% compounded monthly? FV
=$IY = CY=i=n=

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