Multiple Choice
Calculate the future value of $5000 if it is invested at an interest rate of 16% compounded quarterly for 5 years and 6 months.
A) $11 849.59
B) $11 809.59
C) $11 049.59
D) $10 849.59
E) $5849.59
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q100: Six years after Mr. Robertson deposited $7110.00
Q101: You invest $6780 in a floating rate
Q102: You lend a friend $800 and they
Q103: If $3000.00 is invested for seven years
Q104: Payments of $10 200.00 due one year
Q106: Calculate the proceeds of $5000.00 due in
Q107: Meridian Credit Union expects an average annual
Q108: You have an investment that will mature
Q109: What periodic payment does Imran receive from
Q110: You have an investment that will mature