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    Money Banking and Financial Markets Study Set 2
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    Exam 4: Future Value, Present Value, and Interest Rates
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    The Future Value of $200 That Is Left in Account
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The Future Value of $200 That Is Left in Account

Question 15

Question 15

Multiple Choice

The future value of $200 that is left in account earning 6.5% interest for three years is best expressed by which of the following?


A) $200(1.065) x 3
B) $200(1.065) /3
C) $200(1.065) n
D) $200(1.065) 3

Correct Answer:

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