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will increase in value at a rate of 4% per year. If your expectations are correct, how much will your investment be worth at the end of 11 years?

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 9PROB

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You purchase an investment for $1,000. You expect it will increase in value at a rate
of 4% per year. If your expectations are correct, how much will your investment be
worth at the end of 11 years?
Your Answer;

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