What will $205,000 grow to be in 8 years if it is invested today in an account with a quoted annual interest rate of 13% with weekly compounding of interest? $544,981.06 $579,237.24 $706,669.44 $497,676.70 $829,467.73

What will $205,000 grow to be in 8 years if it is invested today in an account with a quoted annual interest rate of 13% with weekly compounding of interest? $544,981.06 $579,237.24 $706,669.44 $497,676.70 $829,467.73

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 1P

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Question

What will $205,000 grow to be in 8 years if it is invested today in an account with a
quoted annual interest rate of 13% with weekly compounding of interest?
$544,981.06
$579,237.24
$706,669.44
$497,676.70
$829,467.73

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