menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Management Principles and Applications
  4. Exam
    Exam 5: Time Value of Money-The Basics
  5. Question
    The Future Value of $500 Deposited into an Account Paying
Solved

The Future Value of $500 Deposited into an Account Paying

Question 35

Question 35

Multiple Choice

The future value of $500 deposited into an account paying 8% annually for three years is:


A) $500.
B) $630.
C) $700.
D) $620.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q20: If you want to have $875 in

Q26: The future value of a lump sum

Q30: Which of the following statements is true

Q31: Northwest Bank pays a quoted annual (nominal)interest

Q35: The present value of $400 to be

Q36: Which of the following statements is FALSE?<br>A)Quarterly

Q37: If you are an investor,which of the

Q38: An increase in _ will decrease present

Q39: The annual percentage yield is also referred

Q56: Determining the specified amount of money that

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines