menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Personal Finance Study Set 5
  4. Exam
    Exam 1: Personal Finance Basics and the Time Value of Money
  5. Question
    The Future Value of $1,000 Deposited Each Year for 5
Solved

The Future Value of $1,000 Deposited Each Year for 5

Question 90

Question 90

Multiple Choice

The future value of $1,000 deposited each year for 5 years earning 4 percent would be approximately:


A) $5,000
B) $5,250
C) $5,400
D) $6,500
E) $8,200

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q48: The Fed refers to:<br>A)government regulation of business.<br>B)Congress.<br>C)the

Q51: Attempts to increase financial resources are part

Q69: The success of a financial plan will

Q86: One aspect of financial planning is to

Q87: Financial planning information sources generally do not

Q88: Which of the following is usually considered

Q89: Higher interest rates can be caused by:<br>A)a

Q91: A decrease in the demand for a

Q93: Measuring risk associated with making most financial

Q95: John Gleason is interested in purchasing a

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines