Leo received $7,500 today and will receive another $5,000 two years from today. If he invests these funds immediately at 11.5 percent, what will his investments be worth five years from now?
A) $18,758.04
B) $18,806.39
C) $19,856.13
D) $20,314.00
E) $19,904.36
C) $19,856.13
You might also like to view...
People at the top as well as the bottom of an organization write and receive e-mail
Indicate whether the statement is true or false
Why would some bonds be classified as "secured bonds"? Provide an example of a common type of secured bond.
What will be an ideal response?
An effective ethics program ________
A) can weaken corporate value B) has no effect on a corporation's value C) can enhance a corporation's value D) will result in high employee attrition rate
Making an emotional financial decision is often detrimental to our financial health. Unfortunately, we often measure our financial success only when we compare it to others' financial success. Why is this dangerous and how can we guard against it?
What will be an ideal response?