Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the future value of $1,000 in 12 years if the interest rate is 9% Group of answer choices a. None of the above

What is the future value of $1,000 in 12 years if the interest rate is 9%

Group of answer choices

a. None of the above

b. 1010.85

c. 1000

d. 2812.66

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

Business Finance

Authors: Brian Watts

8th Edition

0712110720, 978-0712110723

More Books

Students also viewed these Finance questions

Question

1. Describe the Good Lives Model of offender rehabilitation

Answered: 1 week ago

Question

9.4 Explain the roles in career development.

Answered: 1 week ago

Question

8.6 Discusstwo techniques used for assessing training needs.

Answered: 1 week ago