Multiple Choice
Which of the following is closest to the future value of a $40,000 deposit earning 3 percent interest annually after 5 years?
A) $41,282
B) $46,021
C) $46,371
D) $41,150
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q53: Which of the following statements about risk
Q54: How does an insurance policy help mitigate
Q55: Evaluating risk requires us to:<br>A)think about different
Q56: Suppose Jack and Kate are at the
Q57: Because of the problem of adverse selection:<br>A)low-risk
Q59: Suppose Jack and Kate are at the
Q60: Diversification involves:<br>A)investing all your money in one
Q61: Jaime buys home insurance, but never ends
Q62: When deciding whether to deposit money in
Q63: Present value:<br>A)is always greater than the future