Multiple Choice
Which of the following formulas represents the future value of $500 invested at 8% compounded quarterly for five years?
A) 500(1 + .08) 5
B) 500(1 + .08) 20
C) 500(1 + .02) 5
D) 500(1 + .02) 20
Correct Answer:
Verified
Correct Answer:
Verified
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