Question
How much will $21,000 grow to in six years, assuming an interest rate of 8% compounded annually? Note: Use tables, Excel, or a financial calculator.
How much will $21,000 grow to in six years, assuming an interest rate of 8% compounded annually?
Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (FV of $1, PV of $1, FVA of $1, and PVA of $1).
A) $34,234
B) $54,324
C) $33,324
D) $31,080
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
