Problem 9-11 (Algo) Future value [LO9-2] If you invest $10,000 per period for the following number of periods, how much would you have in each of the following instances? Use Appendix C for an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. In 9 years at 10 percent? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Answer is complete but not entirely correct. Future value 262,211.11 b. In 50 years at 8 percent? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Answer is complete but not entirely correct. Future value 14,499,140.46

Problem 9-11 (Algo) Future value [LO9-2] If you invest $10,000 per period for the following number of periods, how much would you have in each of the following instances? Use Appendix C for an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. In 9 years at 10 percent? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Answer is complete but not entirely correct. Future value 262,211.11 b. In 50 years at 8 percent? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Answer is complete but not entirely correct. Future value 14,499,140.46

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 11EA: How much would you invest today in order to receive $30,000 in each of the following (for further...

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