Multiple Choice
What's the future value of $4,500 after 5 years if the appropriate interest rate is 6%,compounded semiannually?
A) $5,321.91
B) $6,047.62
C) $4,777.62
D) $4,959.05
E) $4,656.67
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q21: You are considering two equally risky annuities,each
Q40: All other things held constant,the present value
Q77: Which of the following investments would have
Q122: Your bank offers to lend you $90,100
Q123: Your Aunt Ruth has $340,000 invested at
Q124: Five years ago,Weed Go Inc.earned $1.50 per
Q125: Suppose you are buying your first condo
Q129: You have a chance to buy an
Q131: Suppose you just won the state lottery,and
Q145: Your bank account pays an 8% nominal