What's the future value of $1,200 after 5 years if the appropriate interest rate is 6%, compounded monthly? $1,537.69 $1,618.62 $1,699.55 $1,784.53 $1,873.76

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 1P
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What's the future value of $1,200 after 5 years if the appropriate interest rate is 6%, compounded monthly?

$1,537.69
$1,618.62
$1,699.55
$1,784.53
$1,873.76
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