The future value of $7,000 deposited today and compounded semiannually at an 9% annual interest rate for four years is
A) $9,955.
B) $9,520.
C) $8,100.
D) $7,920.
A
You might also like to view...
Which of the following is an example of a solvent bank?
A. A bank that is out of funds to meet the demand of customers B. A bank with negative equity capital C. A bank that has high default risk on debt issue D. A bank with positive equity capital
Synergism, snowballing, simulation, and security are some of the advantages of focus groups
Indicate whether the statement is true or false
If the chief accountant of a firm has to prepare an operating budget for the coming year, the first budget to be prepared is the
a. sales budget. b. cash budget. c. purchases budget. d. capital budget.
The use of prototype stores, standardized merchandise lines, and cooperative advertising give product/trademark franchisees similar advantages to chains
Indicate whether the statement is true or false