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    Intermediate Accounting Study Set 6
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    Exam 24: Time Value of Money Module
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    The Future Amount of $6, 000 Deposited Today and Compounded
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The Future Amount of $6, 000 Deposited Today and Compounded

Question 24

Question 24

Multiple Choice

The future amount of $6, 000 deposited today and compounded semiannually at an 8% annual interest rate for four years would be


A) $8, 211
B) $8, 163
C) $8, 100
D) $7, 920

Correct Answer:

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