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solina solina
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6 years ago
Alva Thomas has decided to place $10,000 in an account payable to his alma matter when he dies.  If the account grows at an annual rate of 6% compounded monthly and he lives for another 10 years, the university will receive
A) 10,000(1 + .06)10
B) 10,000(1 + .005)120
C) 10,000(1 + .06)120
D) 10,000/(1 + .005)120
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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Heavy Heart Thank you bio-forums! Heavy Heart
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vanrheevanrhee
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6 years ago
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solina Author
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6 years ago
Thank you
-solina
Heavy Heart Thank you bio-forums! Heavy Heart
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