menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Corporate Finance
  4. Exam
    Exam 4: The Time Value of Money
  5. Question
    If R100 Is Placed in an Account That Earns a Simple
Solved

If R100 Is Placed in an Account That Earns a Simple

Question 16

Question 16

Multiple Choice

If R100 is placed in an account that earns a simple 4 percent, compounded quarterly, what will it be worth in 5 years?


A) R122.02
B) R105.10
C) R135.41
D) R120.90
E) R117.48

Correct Answer:

verifed

Verified

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

Related Questions

Q11: You have the opportunity to buy a

Q12: Hillary is trying to determine the cost

Q13: Which of the following statements is correct?<br>A)

Q14: Find the present value of an income

Q15: You can deposit your savings at Vegetable

Q17: Your employer has agreed to make 80

Q19: You just graduated, and you plan to

Q20: Which of the following statements is

Q21: Assume that you inherited some money.A friend

Q89: The greater the number of compounding periods

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