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    Elementary Technical Mathematics
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    Exam 1: Basic Concepts
  5. Question
    If $3,000 Is Compounded Annually at 6
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If $3,000 Is Compounded Annually at 6

Question 243

Question 243

Multiple Choice

If $3,000 is compounded annually at 6.5% for 13 years, what is the future value?


A) $6,802.46
B) $6,806.47
C) $6,798.45
D) $5,535.00
E) $6,812.46

Correct Answer:

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