If Beth make an initial investment of $1,000, how much will it be worth after three...

Question

Question

If Beth make an initial investment of $1,000, how much will it be worth after three years if her average return is 8.25% (use monthly compounding)?

Multiple Choice

business finance

Answer 1

Answer #1

Future value Present value x (1+in)Ant $1,279.74 $1000 x (1+8.25%/12)^(12*3) Value in 3 years = fv =

Answer 2

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