Milner company will invest $200,000 today. The investment will earn 6% for 5 yearswith no funds withdrawn. In 5 years, the amount in the investment fund is A) $200,000 B) $260,000 C) 267,646 D) $268,058
2 answers
That would be 200,000 times the future value of a single sum factor (which is found in the tables) 6% at 5 years which is 1.33823. So 200,000(1.33823)=267,646 the answer is C.
200,000