You plan to invest $200,000 today at an annual interest rate of 12% over 10 years. What will be the future value of your investment if interest is compounded? a. Annually b. Semi-annually

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 9EB: If you invest $15,000 today, how much will you have in (for further instructions on future value in...
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You plan to invest $200,000 today at an
annual interest rate of 12% over 10 years.
What will be the future value of your
investment if interest is compounded?
a. Annually
b. Semi-annually
Transcribed Image Text:You plan to invest $200,000 today at an annual interest rate of 12% over 10 years. What will be the future value of your investment if interest is compounded? a. Annually b. Semi-annually
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