H1.Account ForwardedYou deposit $500,000 in a higher risk investment. Three years later, you receive $711,900 andwithdraw your funds. Given this information calculate the interest earned at the end of year3.Select one:A.$78,806B.$80,806C.$77,096D.$81,096E.$79,096Forwarded3:43 pm.

The question is based on the concept of Financial management. In the given question the value…

Answered: You deposit $500,000 in a higher risk…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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You deposit $500,000 in a higher risk investment. Three years later, you receive $711,900 and withdraw your funds. Given this information calculate the interest earned at the end of year 3. Select one: A. $78,806 B. $80,806 4