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What amount of cash will lean accumulate in two years

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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:

                        Present value of $1.00

Periods              discounted at 10%

1                        .909

2                        .826

3                        .751

Problem 1: What amount of cash will Lean accumulate in 2 years?

A. $12,000

B. $12,107

C. $16,250

D. $27,002

Reference no: EM132794608

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