Multiple Choice
The future value of a $7,000 investment at the end of 4 years with an interest rate of 6% compounded annually is:
A) $8,680.00
B) $8,837.50
C) $5,544.70
D) $8,867.60
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q78: Explain how inflation risk,business risk,and liquidity risk
Q79: You have just purchased a new BMW
Q80: Central Metals,Inc.is considering investing in a silver
Q81: Bruce Derr invested $25,000 in an account
Q82: A measure of the performance of investments
Q84: All of the following are primary risk
Q85: Midwest,Inc.has just borrowed $100,000 to purchase a
Q86: The future value of a $20,000 investment
Q87: Match the following terms with the descriptions
Q88: Wildcat Enterprises is considering two projects that