(Steps Shown) If you had $5,000 now and invested it at 12%, how much would it be worth in 15
Question: If you had $5,000 now and invested it at 12%, how much would it be worth in 15 years?
Deliverable: Word Document 
![[See Solution] You have just purchased 100](/images/solutions/MC-solution-library-40803.jpg "[See Solution] You have just purchased 100 shares of Wal-Mart")
[See Solution] You have just purchased 100 shares of Wal-Mart
![[All Steps] Suppose you make an annual](/images/solutions/MC-solution-library-40804.jpg "[All Steps] Suppose you make an annual contribution of $3,000")
[All Steps] Suppose you make an annual contribution of $3,000
(See Solution) An electronics manufacturer has just purchased a
![[All Steps] What effective interest rate per](/images/solutions/MC-solution-library-40806.jpg "[All Steps] What effective interest rate per year is equivalent")
[All Steps] What effective interest rate per year is equivalent
Solution: For an interest rate of 10% per year compounded quarterly,
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