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What amount of cash will lean accumulate in two years

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Reference no: EM132718792

On January 1 of the current year, Lean Co. made an investment of $10,000. The following is the present value of $1.00 discounted at a 10% interest rate:

Periods     Present value of $1.00 discounted at 10%
1            .909
2           .826
3            .751

Problem 1: What amount of cash will Lean accumulate in two years?

A. $12,000

B. $12,107

C. $16,250

D. $27,002

Reference no: EM132718792

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