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    Exam 8: Mathematics of Finance: An Introduction to Basic Concepts and Calculations
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    If Your Investment of $5000 with the Bank Carries a Compound
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If Your Investment of $5000 with the Bank Carries a Compound

Question 70

Question 70

Multiple Choice

If your investment of $5000 with the bank carries a compound interest of 8.75% per annum,the value of your investment at the end of three years is:


A) $1430.69
B) $6312.50
C) $6430.69
D) $5437.50

Correct Answer:

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