Question 17 An investment of $5 pays interest of 3.5% per week. What will be the value of this investment at the end of 3 years? (assume 52 weeks in one year) OA. $1070.7 OB. $734.5 OC. $112.2 OD. $1318.8

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 15PROB
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Question 17
An investment of $5 pays interest of 3.5% per week. What will be the value of this investment at the end of 3 years? (assume 52 weeks in one year)
OA. $1070.7
OB. $734.5
OC. $112.2
OD. $1318.8
Transcribed Image Text:Question 17 An investment of $5 pays interest of 3.5% per week. What will be the value of this investment at the end of 3 years? (assume 52 weeks in one year) OA. $1070.7 OB. $734.5 OC. $112.2 OD. $1318.8
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