If €4,000 Is Put in a Savings Account Today, What

Multiple Choice

If €4,000 is put in a savings account today, what amount will be available six years from now?

A) €4,000 × 1.080 × 6
B) €4,000 × 1.080 × 1.469
C) €4,000 × 1.166 × 3
D) €4,000 × 1.260 × 2
Items 59 through 61 apply to the appropriate use of present value tables. Given below are the present value factors for £1 discounted at 10% for one to five periods. Each of the items 59 to 61 is based on 10% interest compounded annually.