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Fundamentals of Financial Management Study Set 1
Quiz 5: Time Value of Money
Sue Now Has $410
Question 66
Multiple Choice
Sue now has $410.How much would she have after 8 years if she leaves it invested at 8.5% with annual compounding? A) $787.45 B) $724.45 C) $929.19 D) $716.58 E) $677.21
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Related questions
Q 67
Jose now has $500.How much would he have after 6 years if he leaves it invested at 5.1% with annual compounding? A) $828.88 B) $667.15 C) $808.66 D) $673.89 E) $512.15
Q 68
Suppose you have $1,375 and plan to purchase a 5-year certificate of deposit (CD)that pays 3.5% interest,compounded annually.How much will you have when the CD matures? A) $1,404.44 B) $1,633.07 C) $1,535.08 D) $1,731.05 E) $1,502.42
Q 69
Suppose you have $2,000 and plan to purchase a 10-year certificate of deposit (CD)that pays 13.6% interest,compounded annually.How much will you have when the CD matures? A) $7,945.78 B) $7,158.36 C) $6,156.19 D) $6,585.69 E) $5,440.35
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