If Joe Has $5,600 Today and Invests It at a 10

question 12

Essay

If Joe has $5,600 today and invests it at a 10 percent interest rate,how much will he have in 12 years? (Note-Solve as a Future Value problem.)
(a)$17,393.60
(b)$17,572.80
(c)$15,770.49
(d)$12,320.00

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