Multiple Choice
If $14,000 is invested annually in an account with 9% interest compounding yearly,what will the balance of the account be after five years? Refer to the following Future Value table:
Future value of annuity of $1:
A) $83,790
B) $24,464
C) $24,435
D) $23,450
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q3: Lara is going to receive $10,000 a
Q5: Most capital budgeting methods focus on cash
Q7: The term net present value means the
Q9: Paramount Company is considering purchasing new
Q9: A post-audit is an analysis of an
Q11: The payback method and the accounting accounting
Q12: A criticism of the accounting rate of
Q35: When a company is evaluating an investment
Q40: If a company uses a higher discount
Q48: The internal rate of return (IRR)is the