An Investment Pays $1,000 Per Year for the First Four

question 6

Multiple Choice

An investment pays $1,000 per year for the first four years and $2,000 per year for six years following.If the required rate of return is 8% compounded annually, how much will this investment have returned to the investor?

• A)$12,557.89
• B)$10,108.04
• C)$9,604.64
• D)$9,138.52

Learn how to calculate employer payroll taxes and other related employer expenses.

Understand the recording and management of short-term notes payable including interest calculations.

Comprehend the principles of employee benefits, including vacation, health insurance, and retirement contributions.

Understand the concepts of liabilities, including current, contingent, and unearned revenues.

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Total Row

A feature in spreadsheet applications that automatically calculates and displays a total, average, or other aggregate function for data in a column.

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A column in a database or spreadsheet specifically designated for categorizing contacts based on criteria such as personal, business, etc.

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A feature in software applications that allows users to enter data or information, which can then be processed or stored by the application.