Multiple Choice
You are scheduled to receive $7,500 in two years.When you receive it,you will invest it at 4.5 percent per year.How much will your investment be worth ten years from now?
A) $10,665.75
B) $11,428.09
C) $9,110.24
D) $10,113.33
E) $11,617.07
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q5: Computing the present value of a future
Q8: When you were born, your parents opened
Q16: Suppose that in 2015, a $10 silver
Q21: Your parents spent $7,800 to buy 200
Q38: Today, Charity wants to invest less than
Q39: How long will it take to double
Q40: You have $5,000 you want to invest
Q41: You're trying to save to buy a
Q42: All else held constant,the future value of
Q61: You expect to receive $5,000 at graduation