FIN 370
Axia College of University of Phoenix (UoP)
Financial Management: Principles and Applications by Keown
Chapter Study Questions
Resource: Chapter 5 of the Financial Management: Principles and Applications text, by Keown.
5-1A. (Compound interest) to what amount will the following investments accumulate?
a. $5,000 invested for 10 years at 10 percent compounded annually
b. $8,000 invested for 7 years at 8 percent compounded annually
c. $775 invested for 12 years at 12 percent compounded annually
d. $21,000 invested for 5 years at 5 percent compounded annually
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