Multiple Choice
What is the future value of $15,000 invested today for the next 7 years if the interest rate is 17.5 percent,and the interest rate is compounded 12 times per year?
A) 45,600.98
B) 50,612.76
C) 22,205.44
D) 120,980.30
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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