Solved

If You Invest $100 at 12% APR for Three Years

Question 36

Multiple Choice

If you invest $100 at 12% APR for three years, how much would you have at the end of 3 years using compound interest?

A) $136
B) $140.49
C) $240.18
D) None of the above

Related Questions

Q25: Briefly explain continuous compounding.

Q31: What is the present value annuity factor

Q33: For $10,000 you can purchase a 5-year

Q34: The managers of a firm can maximize

Q35: If the one-year discount factor is 0.8333,

Q37: The net present value formula for one

Q39: The opportunity cost of capital for a

Q40: John House has taken a $250,000 mortgage

Q41: The rate of return is also called:<br>I.

Q48: State the rate of return rule.