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    Introduction to Accounting
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    Exam 11: Time Value of Money
  5. Question
    The Future Value of an $11,600 Investment at the End
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The Future Value of an $11,600 Investment at the End

Question 3

Question 3

Multiple Choice

The future value of an $11,600 investment at the end of 5 years with an interest rate of 12% compounded quarterly is:


A) $20,442.68
B) $18,560.00
C) $20,950.89
D) $ 6,581.84

Correct Answer:

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