menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Managerial Accounting Study Set 2
  4. Exam
    Exam 28: The Time Value of Money: Future Amounts and Present Values
  5. Question
    If You Invested $10,000 at 6% on Your 20<sup>th</sup> Birthday
Solved

If You Invested $10,000 at 6% on Your 20th Birthday

Question 22

Question 22

Multiple Choice

If you invested $10,000 at 6% on your 20th birthday how much would you have on your 40th birthday?


A) $32,071.40.
B) $31,180.00.
C) $36,785.59.
D) $12,158.12.

Correct Answer:

verifed

Verified

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

Related Questions

Q8: The time value of money is based

Q19: Powers Company wishes to issue $2,000,000 of

Q20: Belle invests $200 at the end of

Q22: Financial instruments do not include:<br>A)Contracts that call

Q27: The present value of an investment is:<br>A)The

Q30: Discounting a future amount of a cash

Q31: The future amount of an annuity is

Q33: An interest rate of 12% a year

Q35: Financial instruments are recorded at:<br>A)Future values.<br>B)Present values

Q46: The present value of an annuity is

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