menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Fundamental Accounting Principles Study Set 1
  4. Exam
    Exam 26: Present and Future Values in Accounting
  5. Question
    A Company Is Creating a Fund Today by Depositing $65,763
Solved

A Company Is Creating a Fund Today by Depositing $65,763

Question 45

Question 45

Short Answer

A company is creating a fund today by depositing $65,763. The fund will grow to $90,000 after 8 years. What annual interest rate is the company earning on the fund?

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q40: The number of periods in a future

Q41: With deposits of $5,000 at the end

Q42: The present value of an annuity table

Q43: If we want to know the value

Q44: Jason has a loan that requires a

Q46: A series of equal payments made or

Q47: Mason Company has acquired a machine from

Q48: The present value of $2,000 to be

Q49: Molly borrows money by promising to make

Q50: A company expects to invest $5,000 today

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines