The future value of $7,000 deposited today and compounded quarterly at a 16% annual interest rate for five years is

A. $14,724.
B. $14,702.
C. $8,517.
D. $15,338.


Answer: D

You might also like to view...

Solve the problem. Refer to the table if necessary.Carl is single and has a taxable income of $38,367. Calculate the amount of tax owed.

A. $5331 B. $5304 C. $9592 D. $4203

Find the exact value of the expression.cos 20° cos 40° - sin 20° sin 40°

A.
B.
C.
D.

Complete the identity.csc (? - ?) = ?

A.
B. csc ? - csc ?
C. csc ? sec ? - sec ? csc ?
D.

What kind of evidence is based on one or two instances of a phenomenon, haphazardly discovered or encountered?

A. scientific B. experimental C. anecdotal D. unethical