Assume that your client invests $2,300 at the end of each of the next four years. The investments earn 5.3% compounded annually. What is the future value at the end of the four years? (Do not round Intermedlate calculations and round your final answer to 2 declmal places.) Future value 2$

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 9PROB
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Assume that your client invests $2,300 at the end of each of the next four years. The investments earn 5.3% compounded annually.
What is the future value at the end of the four years? (Do not round Intermedlate calculations and round your final answer to 2
declmal places.)
Future value
%24
03:23
Transcribed Image Text:10 Saved Assume that your client invests $2,300 at the end of each of the next four years. The investments earn 5.3% compounded annually. What is the future value at the end of the four years? (Do not round Intermedlate calculations and round your final answer to 2 declmal places.) Future value %24 03:23
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