What is the future value of $118,000 invested for 5 years at 11% compounded monthly? (a) State the type. A. ordinary annuityB. present value C. amortizationD. sinking fundE. future value (b) Answer...


What is the future value of $118,000 invested for 5 years at 11% compounded monthly?


(a) State the type.
A. ordinary annuityB. present value    C. amortizationD. sinking fundE. future value


(b) Answer the question. (Round your answer to the nearest cent.)


Jun 02, 2022
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