Multiple Choice
Norton Company has a 12% compound annual interest rate.If the firm invests $60,000 today, how much will have accumulated by the end of eight years? Use appendix Table 1, Table 2, Table 3 and Table 4.
A) $117,600.
B) $148,560.
C) $298,080.
D) $738,000.
E) None of the answers is correct.
Correct Answer:
Verified
Correct Answer:
Verified
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