menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Finance Applications and Theory Study Set 3
  4. Exam
    Exam 4: Time Value of Money 1: Analyzing Single Cash Flows
  5. Question
    What Is the Future Value of $2,000 Deposited for One
Solved

What Is the Future Value of $2,000 Deposited for One

Question 55

Question 55

Multiple Choice

What is the future value of $2,000 deposited for one year earning 6 percent interest rate annually?


A) $120
B) $2.000
C) $2,120
D) $4,120

Correct Answer:

verifed

Verified

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

Related Questions

Q50: Moving cash flows from one point in

Q51: What annual rate of return is implied

Q52: Compute the present value of $3,000 paid

Q53: An appliance store sells a TV for

Q54: Determine the interest rate earned on a

Q56: A $2 million deposit earns 7 percent

Q57: What is the value in year 15

Q58: What is the value in year 6

Q59: You deposit $20,000 in an account that

Q60: Consider a $200 deposit earning 8 percent

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