How much will a $100 deposit made today be worth in 10 years if interest is compounded quarterly at an annual rate of 10%? Which of the follwing answers is right? A: $200 B: $259.37 C: $268.51 D: $271.79

How much will a $100 deposit made today be worth in 10 years if interest is compounded quarterly at an annual rate of 10%? Which of the follwing answers is right? A: $200 B: $259.37 C: $268.51 D: $271.79

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA3: Time Value Of Money

Section: Chapter Questions

Problem 13E

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Question

How much will a $100 deposit made today be worth in 10 years if interest is compounded quarterly at an annual rate of 10%?

Which of the follwing answers is right?

A: $200

B: $259.37

C: $268.51

D: $271.79

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