Solved

You Deposit $10,000 in a Bank and Plan to Keep

Question 105

Multiple Choice

You deposit $10,000 in a bank and plan to keep it there for five years. The bank pays 8% annual interest compounded continuously. Calculate the future value at the end of five years.


A) $15,000
B) $14,918
C) $14,500
D) $14,693

Correct Answer:

verifed

Verified

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

Related Questions

Q100: Use the following information to answer the

Q101: Which of the following is the best

Q102: Use the following information to answer the

Q103: In ten years time you'd like to

Q104: Assume your existing portfolio is valued at

Q106: What are breakpoints of financing in marginal

Q107: Use the following information to answer the

Q108: You would like to have $500,000 put

Q109: The after tax cost of debt on

Q110: Your firm is in the 30% tax