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Chris Mann will deposit $22,400 into an account today that earns 10% per year compounded annually. ...

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Chris Mann will deposit $22,400 into an account today that earns 10% per year compounded annually. ...

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 Flow

Periods

Interest Rate

Factor

PV of $1	5	10%	0.6209
FV of $1	5	10%	1.6105
PV ordinary annuity	5	10%	3.7908
FV ordinary annuity	5	10%	6.1051
PV annuity due	5	10%	4.1699

▸ $13,909

▸ $36,075

▸ $27,351

▸ $18,681

Textbook

Managerial Accounting

Edition: 4^th

Author: Davis

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