Multiple Choice
If the value of the principal today is $10,000 and the interest rate is 21.22%,what is the total compound interest income at the end of six years?
A) $21,728.22
B) $25,567.43
C) $20,000.54
D) $45,067.22
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q25: What is the future value of $15,000
Q26: Approximately how long will it take for
Q27: What is a perpetual annuity?<br>A)A stream of
Q28: What is the internal rate of return?<br>A)The
Q29: If the value of the principal today
Q30: A client has taken out a $300,000
Q32: What is the present value of $100,500
Q33: The APR:<br>A)Adjusts for inflation.<br>B)Is always compounded multiple
Q34: If the value of the principal today
Q35: What is the nominal return?<br>A)The return on