Accumulate to = amount * ( 1+ rate)^n
where Amount = $5000
rate = 9%
n = 10 years
= $ 5000 * (1.09)^10
= $11836.82
Question Help Related to Checkpoint 5.2) (Future value) To what amount will $5,000 invested for 10...
(Related to Checkpoint 5.2) (Future value) To what amount will $5,000 invested for 8 years at 9 percent compounded annually accumulate? $5,000 invested for 8 years at 9 percent compounded annually will accumulate to $. (Round to the nearest cent.)
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(Related to Checkpoint 5.2) (Future value) To what amount will $5,100 invested for 8 years at 10 percent compounded annually accumulate? $5,100 invested for 8 years at 10 percent compounded annually will accumulate to $ (Round to the nearest cant)
Student: Date: Instructor Course: FIN-320-R2880 Principles of Finance 19EW2 Assignment: 5-2 MyFinanceLab Assignment Checkpoint 5.2) (Future value) To what amount will $4,900 invested for 10 years at 9 percent compounded annually accumulate? (Round to the nearest $4.900 invested for 10 years at 9 percent compounded annually will accumulate to $ cent.) 1/1 https://xillemprod.pearsonemg.com/api/v1/print/en-us/finance
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