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Author Question: Using the Time Value of Money charts provided, answer the following question(s). (Note to ... (Read 177 times)

stevenposner

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Using the Time Value of Money charts provided, answer the following question(s).


(Note to Instructors: Provide the appropriate tables to students from Personal Finance, Sixth Edition, Appendix C: Financial Tables.)





If Joe has $5,600 today and invests it at a 10% interest rate, how much will he have in 12 years? (Note—Solve as a future value problem.)


◦ $17,393.60
◦ $17,572.80
◦ $15,770.49
◦ $12,320.00


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Marked as best answer by stevenposner on Apr 12, 2019

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stevenposner

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Reply 2 on: Apr 12, 2019
Excellent


cici

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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