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    Contemporary Business Mathematics Study Set 1
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    Exam 9: Compound Interest - Future Value and Present Value
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    Calculate the Proceeds of $5500
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Calculate the Proceeds of $5500

Question 144

Question 144

Multiple Choice

Calculate the proceeds of $5500.00 due in 20 years, nine months discounted at 8.0% compounded semi-annually.


A) $1080.14
B) $1145.59
C) $1051.54
D) $1113.83
E) $1063.04

Correct Answer:

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