What is the future value of 20000 invested for 20 years at


1. What is the future value of $20,000 invested for 20 years at a nominal interest rate of 9 percent compounded continuously?

a. $108,894

b. $112,088

c. $147,781

d. $120,993

2. Opportunity costs:

A. Should not be included in the analysis of a project

B. Decrease sales of the firm's other products

C. Increase sales of the firm's other products

D. Should be included in the analysis of a project's cash flows

E. Does not make a difference in the analysis of a project

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Financial Management: What is the future value of 20000 invested for 20 years at
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