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Corporate finance class

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Reference no: EM132286111

Solve the following problem using the table(s).

 

Please round intermediate calculations to 4 decimal places as done in class.

After all the time value of money discussions in your Corporate Finance class, you decided to experiment with the magic of compound interest. If Einstein thought it is the 8th Wonder of the World, why should you doubt him? Beginning today, you will be investing $5,000 per year for the next 10 years in an account earning 8% quarterly. How much will you have 10 years later?

Reference no: EM132286111

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