menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Management Theory and Practice Study Set 4
  4. Exam
    Exam 4: Time Value of Money
  5. Question
    What's the Future Value of $1,500 After 5 Years If
Solved

What's the Future Value of $1,500 After 5 Years If

Question 150

Question 150

Multiple Choice

What's the future value of $1,500 after 5 years if the appropriate interest rate is 6%, compounded semiannually?


A) $1,819
B) $1,915
C) $2,016
D) $2,117
E) $2,223

Correct Answer:

verifed

Verified

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

Related Questions

Q145: Pacific Bank pays a 4.50% nominal rate

Q146: Your bank pays 4% interest annually.You have

Q147: Your father is considering purchasing an annuity

Q148: Time lines cannot be constructed in situations

Q149: You plan to analyze the value of

Q151: Cyberhost Corporation's sales were $225 million last

Q152: Billy Thornton borrowed $20,000 at a rate

Q153: You expect to receive $5,000 in 25

Q154: Your friend offers to pay you an

Q155: JG Asset Services is recommending that you

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