Multiple Choice
If the present value of an individual's savings account is $52,354, what is its future value in 3 years if the account earns an annual interest rate of 8 percent?
A) $66,580.89
B) $64,589.13
C) $65,950.96
D) $66,320.48
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q48: Production of a small quantity of an
Q49: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1687/.jpg" alt=" The above table
Q50: What is the present value of four
Q51: Interest earned on funds compounds because in
Q52: Health Bars is considering a two- year
Q54: If the salvage value is positive the
Q55: Economists consider economic depreciation to be the_
Q56: The annuity factor_ by the amount of
Q57: Financing an investment with debt _the net
Q58: If the net present value is positive,