You are opening an investment account that will earn 14.5% compounded annually.You will invest $4,000 one year from today, $8000 two years from today, 6000 threeyears from today, and 2,000 four years from today. What will the value of youraccount be 4 years from today?21,76820,63722,42123,92925,363

The future value is the estimated value of an investment that accounts for compound interest or…

Answered: years from today, and 2,000 four years…

years from today, and 2,000 four years from today. What will the value of your account be 4 years from today? 21,768 20,637 22,421 23,929 25,363

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 2P

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Question

You are opening an investment account that will earn 14.5% compounded annually.
You will invest $4,000 one year from today, $8000 two years from today, 6000 three
years from today, and 2,000 four years from today. What will the value of your
account be 4 years from today?
21,768
20,637
22,421
23,929
25,363

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