Business, 19.07.2021 19:20 IrieBoy7584
Present and future value tables of $1 at 9% are presented below.
PV of $1FV of $1PVA of $1FVAD of $1FVA of $1
10.917431.090000.917431.09001.0000< br />
20.841681.188101.759112.27812.0900< br />
30.772181.295032.531293.57313.2781< br />
40.708431.411583.239724.98474.5731< br />
50.649931.538623.889656.52335.9847< br />
60.596271.677104.485928.20047.5233< br />
Ajax Company purchased a three-year certificate of deposit for its building fund in the amount of $290,000. How much should the certificate of deposit be worth at the end of three years if interest is compounded at an annual rate of 9%?
A. $374,300.
B. $732,816.
C. $375,559.
D. $734,075.
Answers: 2
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Present and future value tables of $1 at 9% are presented below.
PV of $1FV of $1PVA of $1FVAD of $...
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