What is the future value (FV)of $10,000 in eight years,assuming the interest rate is 10% per year?
A)$16,212.78
B)$18,000.00
C)$18,756.22
D)$21,435.89

Question

Quizplus · Accepted Answer

The future value is calculated using the formula FV = PV * (1 + r)^n, where PV is the present value, r is the interest rate, and n is the number of years. Plugging in the values: FV = $10,000 * (1 + 0.10)^8 = $21,435.89.

What Is the Future Value (FV)of $10,000 in Eight Years,assuming