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    Contemporary Financial Management Study Set 2
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    Exam 5: The Time Value of Money
  5. Question
    What Is the Value in 10 Years of $10,000 Deposited
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What Is the Value in 10 Years of $10,000 Deposited

Question 50

Question 50

Multiple Choice

What is the value in 10 years of $10,000 deposited in an account earning 8% compounded monthly?


A) $33,004
B) $22,285
C) $102,530
D) $21,589

Correct Answer:

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