You are going to invest $9237 today and $9695 1 year from today.  If you expect to earn a return of 11.82%, how much will you have in 5 years?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 9EA: If you invest $12,000 today, how much will you have in (for further Instructions on future value in...
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You are going to invest $9237 today and $9695 1 year from today.  If you expect to earn a return of 11.82%, how much will you have in 5 years?  

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Future value is the amount of money that, with time and an interest rate, is invested now and will eventually become.

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