F371 Essn. of Corporate Finance >C< By Ross MCG Custom ISBN 9781259320576
F371 Essn. of Corporate Finance >C< By Ross MCG Custom ISBN 9781259320576
14th Edition
ISBN: 9781259320576
Author: Ross, Westerfield, Jordan
Publisher: MCG CUSTOM
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Chapter 4, Problem 23QP
Summary Introduction

To determine: The number of periods of investment

Introduction:

The future value of money is the amount of dollars that an investment grows over a definite period at a particular rate of interest rate. The value increases based on the period of investment. The value of the investment will be higher if the duration of investment is longer.

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