menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Macroeconomics Study Set 8
  4. Exam
    Exam 14: The Basic Tools of Finance: Present Value Measuring the Time Value of Money
  5. Question
    If You Put $400 into a Bank Account Today and It
Solved

If You Put $400 into a Bank Account Today and It

Question 32

Question 32

Multiple Choice

If you put $400 into a bank account today and it promises to pay 5% interest for 6 years,how much is in the account at the end of the six years?


A) If you put $400 into a bank account today and it promises to pay 5% interest for 6 years,how much is in the account at the end of the six years? A)    B)    C)    D)
B) If you put $400 into a bank account today and it promises to pay 5% interest for 6 years,how much is in the account at the end of the six years? A)    B)    C)    D)
C) If you put $400 into a bank account today and it promises to pay 5% interest for 6 years,how much is in the account at the end of the six years? A)    B)    C)    D)
D) If you put $400 into a bank account today and it promises to pay 5% interest for 6 years,how much is in the account at the end of the six years? A)    B)    C)    D)

Correct Answer:

verifed

Verified

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

Related Questions

Q27: Suppose you will receive $500 at some

Q28: You are considering buying a share of

Q29: You could borrow $2,000 today from Bank

Q30: The future value of $500 saved for

Q31: Suppose you win a small lottery and

Q33: If the interest rate is 2.49 percent,then

Q34: If the interest rate is r percent,then

Q35: Which of the following changes would decrease

Q36: Cleo promises to pay Jacques $1,000 two

Q37: Your accountant tells you that if you

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