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Find the Future Value of the Loan $39,900\$ 39,900 Loan At 5.5%5.5 \%

Question 106

Multiple Choice

Find the future value of the loan.
- $39,900\$ 39,900 loan at 5.5%5.5 \% for 4 months.


A) $40,631.50\$ 40,631.50
B) $406,315.00\$ 406,315.00
C) $48,678.00\$ 48,678.00
D) $113,050.00\$ 113,050.00

Correct Answer:

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