Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Five Years Future Value What is the future value of $21,000 deposited for five years earning 10% interest rate annually? $54,821 $33,821 $12,821 $21,000

Five Years Future Value What is the future value of $21,000 deposited for five years earning 10% interest rate annually?

$54,821

$33,821

$12,821

$21,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Finance Reader

Authors: Robert W. Kolb

2nd Edition

1878975536, 978-1878975539

More Books

Students also viewed these Finance questions

Question

Discuss the significance of evolutionary theory to psychology.

Answered: 1 week ago

Question

What reward policy would you suggest to the university?

Answered: 1 week ago