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    Financial and Managerial Accounting Study Set 8
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    Exam 27: the Time Value of Money: Future Amounts and Present Values
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    If You Invested $10,000 at 6% on Your 20th Birthday
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If You Invested $10,000 at 6% on Your 20th Birthday

Question 12

Question 12

Multiple Choice

If you invested $10,000 at 6% on your 20th birthday how much would you have on your 40th birthday? Use Table FA-1. If you invested $10,000 at 6% on your 20th birthday how much would you have on your 40th birthday? Use Table FA-1.   A) $32,070.00 B) $31,180.00 C) $36,785.59 D) $12,158.12


A) $32,070.00
B) $31,180.00
C) $36,785.59
D) $12,158.12

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