What is the future value of $90,380.00 given an interest rate of 17.00% compounded quarterly for 37 years? a. $30, 126,537.59 b. $42, 788, 765.48 c. $169, 361.93 d. $132,823.81

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 7P
icon
Related questions
Question

What is the future value of $90,380.00 given an interest rate of 17.00% compounded quarterly for 37
years? a. $30, 126,537.59 b. $42, 788, 765.48 c. $169, 361.93 d. $132,823.81

Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Present Value
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT