Homework Help: Accounting

Posted by Keisha on Tuesday, October 26, 2010 at 8:49am.

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 The investment will earn 6% for 5 yearswith no funds withdrawn.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

Accounting - JJ, Monday, November 1, 2010 at 11:19pm
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.
Accounting - Jessie, Sunday, October 7, 2012 at 5:02pm
200,000

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