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    Exam 1: Personal Financial Planning: An Introduction
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    An Individual Invests $12,000 at a Rate of 4% Per
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An Individual Invests $12,000 at a Rate of 4% Per

Question 52

Question 52

Multiple Choice

An individual invests $12,000 at a rate of 4% per annum.What will be its value in 9 years' time?


A) $15,000
B) $15,853
C) $16,289
D) $18,000
E) $17,080

Correct Answer:

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