What is the future value of $2,968 invested for 9 years at 4.9 percent compounded annually? a. $3,680.90 b. $4,565.03 c. $3,690.38. d. $7,021.38 e. $6,884.70
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- 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. $14,020.33What is the future value of a lump sum of $18,443 invested for 15 years at 3.2 percent compounded annually? $29,581.97 $348,092.67 $29,786.22 $400,306.57What is the future value of $3,078 invested for 8 years at 6 percent compounded annually? Multiple Choice $7,819.20 $7,621.01 $3,885.90 $4,905.86 $3,899.12
- 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. $6 532.81Answer in typingIf $11,000 is invested at an annual rate of 6.5% compounded continuously, find the future value after 7 1/2 years. $17,840.60 $17,910.65 $17,887.10 $13,511.52 $16,362.50
- 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. $5121.73step by step explaination What is the future value of $11,000 invested for one year at an interest rate of 6% p.a.? a. $17000 b. $5000 c. $11660 d. $10377If you invested $10,000 for ten years at 6% p.a. compounded monthly, how much in total would you have after ten years? Select one: a. $17,908.48 b. $18,391.79 c. $18,193.97 d. $24,616.44
- What is the present value (PV) of $300,000 received five years from now, assuming the interest rate is 9% per year? O A. $194,979 B. $243,724 C. $341,214 O D. $180,000What is the present value (PV) of $40, 000 received ten years from now; assuming the interest rate is 5% per yeal? A. $20,873 B. $42,974 C. S24, 557 D. $26,000What is the present value (PV) of $300,000 received seven years from now, assuming the interest rate is 9% per year? ..... A. $205,138 В. $287,193 C. $164,110 D. $180,000