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Other Fields Homework Help Accounting Topic started by: trixr4kids on Jan 29, 2023



Title: Chris Mann will deposit $22,400 into an account today that earns 10% per year compounded annually. ...
Post by: trixr4kids on Jan 29, 2023
Chris Mann will deposit $22,400 into an account today that earns 10% per year compounded annually.  Using the following factors, what is the amount that will be in the account at the end of the 5 years?

Type of Cash FlowPeriodsInterest RateFactor
PV of $1510%0.6209
FV of $1510%1.6105
PV ordinary annuity510%3.7908
FV ordinary annuity510%6.1051
PV annuity due510%4.1699


▸ $13,909

▸ $36,075

▸ $27,351

▸ $18,681


Title: Chris Mann will deposit $22,400 into an account today that earns 10% per year compounded annually. ...
Post by: kogilvie on Jan 29, 2023
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