Let us assume that Batts will invest $30,200 each year for next 30 years. Assuming the interest rat will be 10.4% and that it will compound annually, what will be the investment's future value 30 yea from now? Assume that Batts will make the first investment next year, or one year from now. $9,246,256.35 $5,610,245.24 $5,359,591.01 $3,236,240.24

Let us assume that Batts will invest $30,200 each year for next 30 years. Assuming the interest rat will be 10.4% and that it will compound annually, what will be the investment's future value 30 yea from now? Assume that Batts will make the first investment next year, or one year from now. $9,246,256.35 $5,610,245.24 $5,359,591.01 $3,236,240.24

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 16P

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