Multiple Choice
Trinity deposits $8,000 in a bank at an interest rate of 8 percent per year compounded annually.
-Refer to the scenario above. What will be the future value of the deposit after 3 years?
A) $9,822.63
B) $9,964.21
C) $10,077.70
D) $10,220.98
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q18: What is the present value of $10,000
Q19: Tom has two investment options. He can
Q20: A box has three green balls, six
Q21: Tom has two investment options. He can
Q22: An investment of $20,000 offers a return
Q23: Suppose India borrows $10,000 from the United
Q24: Wendy and John each deposit $2,000 in
Q25: Consider the following two options. You can
Q26: Wendy and John each deposit $2,000 in
Q27: An investor is considering three different investment