hristian now has $5 a. $753.92 b. $712.98 c. $750.06 Od. $766.48 e. $526.00

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 10E
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Christian now has $500. How much would he have after 8 years if he leaves it invested at 5.2% with annual compounding?
a. $753.92
O b. $712.98
O c. $750.06
O d. $766.48
O e. $526.00
Transcribed Image Text:Christian now has $500. How much would he have after 8 years if he leaves it invested at 5.2% with annual compounding? a. $753.92 O b. $712.98 O c. $750.06 O d. $766.48 O e. $526.00
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