What is the future value in 2 years of $25,000 invested today at a rate of 3.25% p.a.?

Select one:

$27,004

$25,413

$23,005

$26,651

Clear my choice

Question 15

Question text

Which of these statements is incorrect?

Select one:

cash flows that occur at the same point in time are comparable and may be combined

we calculate the present value of a cash flow by compounding it

the present value of a cash flow C received in n years and interest rate r is C (1 + r)ⁿ

the future value in n years of a cash flow today is C x (1 + r)ⁿ