General Accounting The future value of $100 today earning 6% for three years is:a. $119b. $129c. $108d. $98

Step 1: Define Time Value of MoneyIn the context of Finance, the idea of time value of money is…

Answered: The future value of $100 today earning…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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If $500 is placed in an account that earns a nominal 6 percent, compounded quarterly, what will it be worth in 10 years? a. $907 b. $117.48 c. $1,045 d. $980 e. $1,020
If $2500 were invested for 5 years at 10% nominal interest compounded daily, what would be the future amount? Select one: a. $4121.73 b. $6521.73 c. $3121.73 d. $5121.73
What is the 'future value in one year' of $106 today if the annual interest rate is 6%? A. $106.00 B. $112.36 C. $220.48 D. $100.00
What will be the future value of $5 000 invested for six years at 8% per annum compounded annually? Select one: a. $7 543.46 b. $7 923.37 c. $7 934.37 d. $6 532.81
What is the future value of $3,078 invested for 8 years at 6 percent compounded annually? Multiple Choice O O O O $7,819.20 $7,621.01 $3,885.90 $4,905.86 $3,899.12
What is the future value of $2,000 invested at the beginning of each year for six years at 4%? a. $13,796.59 Ob.$13,286.11 C. $14,426.67 Od. $14,020.33
Find the amount to which $1,000 will mature in 3.5 years at 7 ¾% p.a.
Find the future value of an initial $100 compounded annually for 7 years at 3%. $100.21 $122.99 $16.05 $81.31
Find the present value of the future amount. Assume 365 days in a year. Round to the nearest cent. $500 for 2 months; money earns 3% $497.51 $485.44 O $498.75 O $2.49 < Previous
step by step instructions please What is the present value of $11,000 to be received in two years if the interest rate is 5% p.a.? a. $10476 b. $10000 c. $21000 d. $9977
What is the future value of $100 invested in an account for eight years that earns 10% annual interest, compounded semiannually (rounded to the nearest whole dollar)? a. $214.b. $216.c. $218.d. $220.
How much will $7500 in savings today be worth 5 years from now if it earns 6%, compounded monthly? a. $11,465 b. $15.091 c. $7.955 d. $247,408 e. $7,686

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The future value of $100 today earning 6% for three years is: a. $119 b. $129 c. $108 d. $98