Need answer of general finance question If you invest $1,000 at an annual interest rate of 5%compounded annually, how much will you have after 3years?a) $1,150.00b) $1,157.63c) $1,162.89d) $1,175.25

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Answered: If you invest $1,000 at an annual…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....

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If you invest $1,000 at an annual interest rate of 5% compounded annually, how much will you have after 3 years? a) $1,150.00 b) $1,157.63 c) $1,162.89 d) $1,175.25
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If you invest $5,000 at an annual interest rate of 6% compounded annually, what will be the value of your investment after 5 years? a) $6,691.13 b) $6,500.00 c) $7,012.85 d) $6,802.44
If you invest $154 at an interest rate of 6% (annual rate) compounded annually, how much interest will you earn after one year?

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If you invest $1,000 at an annual interest rate of 5% compounded annually, how much will you have after 3 years? a) $1,150.00 b) $1,157.63 c) $1,162.89 d) $1,175.25