menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Mathematics
  3. Study Set
    Business Mathematics Study Set 1
  4. Exam
    Exam 10: Annuities: Future Value and Present Value
  5. Question
    If $2,000 Is Invested at the End of Every Three
Solved

If $2,000 Is Invested at the End of Every Three

Question 201

Question 201

Multiple Choice

If $2,000 is invested at the end of every three months, what will be the total value after 10 years? The investments earn 13% compounded annually.


A) $96,748
B) $159,643
C) $129,067
D) $154,359
E) $143,836

Correct Answer:

verifed

Verified

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

Related Questions

Q196: Calculate the equivalent periodic interest rate per

Q197: Mr. and Mrs. Krenz are contributing to

Q198: Determine the present value of the ordinary

Q199: Classify the type of annuity described in

Q200: Jacqueline is considering investing a lump sum

Q202: Marvin has determined that he can save

Q203: How much more will you have in

Q204: Determine the future value of $2,800 deposited

Q205: Fred purchased a boat for $18,000. He

Q206: Determine the present value (accurate to the

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