How many years will it take for $35 to grow to $53.87 if it is invested at 9% compounded annually?
A) 6.0
B) 5.5
C) 5.0
D) 4.0
Answer: C
Explanation: C) $53.87/$35 =1.539; FVIF 1.539, i = 9%, n = 5
Business
You might also like to view...
One main reason why the IFE is NOT good at explaining short-term exchange rate movements is the impact of _____ on those movements.
Fill in the blank(s) with the appropriate word(s).
Business
Mitsubishi Heavy Industries Ltd. and other Japanese companies manufacture airplanes under license to U.S. firms, and also work as subcontractors for aircraft parts and systems. This type of effort is known as:
A) searching for loose bricks. B) collaborating. C) building of layers of advantage. D) changing the rules of engagement. E) innovating.
Business