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  3. Study Set
    Foundations of Finance
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    Exam 5: The Time Value of Money
  5. Question
    What Is the Future Value of $500 Invested at 8
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What Is the Future Value of $500 Invested at 8

Question 3

Question 3

Multiple Choice

What is the future value of $500 invested at 8.94% compounded quarterly for 12.5 years (rounded to nearest $1) ?


A) $670
B) $1,510
C) $1,617
D) $46,739

Correct Answer:

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