TIME VALUE OF MONEYYou deposited $1,000 in a savingsthat pays 8 percent interest,compounded quarterly, planning to1.accountuseittofinishyourlastyearincollege.decide to go to the Rocky Mountains toEighteen months later, youbecomeaskiinstructorratherthancontinue in school,you close outHow much money willl yousoyour account.receive?$1,171$1,126$1,082$1,163e. $1,008a.C.d.2.A real estate investment has thefollowing expected cash flows:YearCash Flows1$10,00025,00050,00035,0003.4.Thediscountrateis8.percent.Whatistheinvestment'spresentvalue?$103,799$ 96,110$ 95,353$120,000$ 77,592a.b.C.d.e.

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You deposited $1,000 in a savings account that pays 8 percent interest, compounded quarterly, planning to 1. use it finish your last Eighteen months later, you decide to go to the Rocky Mountains to to year in college. become a ski continue in school, instructor rather than so you close out How much money will you your account. receive? a. $1,171 b $1,126 $1,082 d. $1,163 c. e. $1,008

You deposited $1,000 in a savings account that pays 8 percent interest, compounded quarterly, planning to 1. use it finish your last Eighteen months later, you decide to go to the Rocky Mountains to to year in college. become a ski continue in school, instructor rather than so you close out How much money will you your account. receive? a. $1,171 b $1,126 $1,082 d. $1,163 c. e. $1,008

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA3: Time Value Of Money

Section: Chapter Questions

Problem 6CE: Use Future Value and Present Value Tables to Apply Compound Interest to Accounting Transactions...

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