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If $10,000 Is Invested Annually in an Account with 7

Question 119

Multiple Choice

If $10,000 is invested annually in an account with 7% interest compounded yearly, what will the balance of the account be after six years? Refer to the following Future Value table: Future value of annuity of $1: If $10,000 is invested annually in an account with 7% interest compounded yearly, what will the balance of the account be after six years? Refer to the following Future Value table: Future value of annuity of $1: A) $79,050 B) $71,530 C) $18,020 D) $83,290


A) $79,050
B) $71,530
C) $18,020
D) $83,290

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