Multiple Choice
What is the future value (FV) of $50,000 in thirty years, assuming the interest rate is 12% per year?
A) $32,500.00
B) $1,273,296.69
C) $1,348,196.50
D) $1,497,996.11
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q22: How can we perform a cost-benefit analysis
Q23: Steve is offered an investment where for
Q24: Consider the following prices from a McDonald's
Q25: Which of the following best explains why
Q26: The Law of One Price states that
Q28: If the rate of interest (r) is
Q29: A backhoe can dig 180 feet of
Q30: Which of the following statements is FALSE
Q31: What is the present value (PV) of
Q32: An elderly relative offers to sell you