Multiple Choice
The future value of $100 received today and deposited in an account for four years paying semiannual interest of 6 percent is ________.
A) $450
B) $127
C) $889
D) $134
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q87: You have been offered a project paying
Q89: The future value of an ordinary annuity
Q90: What is the highest effective rate attainable
Q91: If you expect to retire in
Q93: Dottie has decided to set up an
Q94: Marc has purchased a new car for
Q95: To pay for her college education, Gina
Q96: Calculate the present value of the following
Q97: Aunt Tilly borrows $3,500 from the bank
Q119: The present value of an ordinary annuity