Multiple Choice
What is the future value of $500 invested at 9.5% compounded quarterly for 12.5 years (round to nearest $1) ?
A) $670
B) $1,510
C) $1,617
D) $46,739
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q22: Bill wants to buy a new boat
Q71: Which of the following conclusions would be
Q72: What is the present value of the
Q91: For a given stated interest rate,an investor
Q92: At 6 percent compounded monthly,how long will
Q103: A bond will pay $5,000 at maturity
Q104: $10,000 invested at 10% per year for
Q114: Inputs using an Excel spreadsheet are almost
Q141: You borrow $25,000 to be repaid in
Q148: Your company has received a $50,000 loan