You want to invest 8000$ at an annual interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years ? A) future value of one dollar (1$) B)present value of one dollar(1$) C)future value of an ordinary annuity D) present value of an ordinary annuity
You want to invest 8000$ at an annual interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years ? A) future value of one dollar (1$) B)present value of one dollar(1$) C)future value of an ordinary annuity D) present value of an ordinary annuity
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....
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You want to invest 8000$ at an annual interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years ?
A)
B)present value of one dollar(1$)
C)future value of an ordinary
D) present value of an ordinary annuity
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