Multiple Choice
A deposit of $700 earns interest rates of 10 percent in the first year and 7 percent in the second year. What would be the second year future value?
A) $771.07
B) $819.00
C) $823.90
D) $1519.00
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q84: You deposit $20,000 in an account that
Q85: A firm's net income last year was
Q86: You have $100,000 in your account. Assuming
Q87: How long will it take $100 to
Q88: What is the present value of a
Q90: Determine the interest rate earned on a
Q91: How are present values affected by changes
Q92: What is the value in year 7
Q93: You invested $1,000 in the stock market
Q94: You invested $5,000 in the stock market