Solved

What Is the Future Value of $1,500 After 5 Years

Question 112

Multiple Choice

What is the future value of $1,500 after 5 years if the annual return is 6%, compounded semiannually?

A) $1,819
B) $1,915
C) $2,016
D) $2,117

Related Questions

Q107: Jane has $5,000 invested in a bank

Q108: The present value factor increases as the

Q109: Which of the following statements about the

Q110: Based on the rule of 72, the

Q111: Suppose Randy plans to invest $1,000. He

Q113: Compounding increases the growth of the total

Q114: Compound growth occurs when the initial value

Q115: Michael Peterson needs $25,000 in six years

Q116: If the discount rate falls, then the

Q117: Transent Foods announced that its current sales