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9. What's the future value of $1,600 after 5 years if the appropriate interest rate is 6%, compounded monthly? a. $2,179.74 b. $2,676.12 c. $2,417.14

9. What's the future value of $1,600 after 5 years if the appropriate interest rate is 6%, compounded monthly?

	a.	$2,179.74
	b.	$2,676.12
	c.	$2,417.14
	d.	$2,093.42
	e.	$2,158.16

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