menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Foundations of Financial Management Study Set 1
  4. Exam
    Exam 9: The Time Value of Money
  5. Question
    The Future Value of a $1,000 Investment Today at 8
Solved

The Future Value of a $1,000 Investment Today at 8

Question 78

Question 78

Multiple Choice

The future value of a $1,000 investment today at 8% annual interest compounded semiannually for 5 years is:


A) $1,469
B) $1,480
C) $1,520
D) $1,555

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q1: Using semiannual compounding rather than annual compounding

Q17: The amount of annual payments necessary to

Q17: Increasing the number of periods will increase

Q74: A 20-year mortgage with monthly payments has

Q75: Mike Carlson will receive $10,000 a year

Q76: If we wish to accumulate $8,000 by

Q79: John Doeber borrowed $125,000 to buy a

Q81: The annualized return on an investment can

Q82: What is the maximum price you would

Q83: To find the yield on investments that

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines