Question: Five Years Future Value What is the future value of $21,000 deposited for five years earning 10% interest rate annually? $54,821 $33,821 $12,821 $21,000

Five Years Future Value What is the future value of $21,000 deposited for five years earning 10% interest rate annually?

$54,821

$33,821

$12,821

$21,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

14. Assume that I deposited $2750 into an account exactly 10 years from today. How much will be in my account at the end of year 60, assuming that my account pays interest of 8.5% p..? 15. What is...

Q:

11. Five Years Future Value What is the future value of $1,100 deposited for five years earning 5% interest rate annually? A. $1,100 B. $304 C. $1,404 D. $2,504 12. You are evaluating the balance...

Q:

Five Years Future Value What is the future value of $6,000 deposited for five years earning 10% interest rate annually? You are considering an investment in 30-year bonds issued by Moore Corporation....

Q:

Five Years Future Value What is the future value of $ 1 6 , 0 0 0 deposited for five years earning 1 0 % interest rate annually? Multiple Choice $ 2 5 , 7 6 8 $ 1 6 , 0 0 0 $ 9 , 7 6 8 $ 4 1 , 7 6 8

Q:

Five Years Future Value What is the future value of $6,000 deposited for five years earning 10% interest rate annually

Q:

Question 2 Read the scenario below and answer the questions that follow: Jordan Family Trust Danny Jordan (61 years old) and his wife Glenys (51 years old) are married out of community of property....

Q:

Keane Dog Care Co. wants to finance a new animal shelter by making eight annual deposits into a fund earning 4% compounded annually. The first four deposits are to be $19,000 each and will be paid at...

Q:

UNIT 5 QZ, Q-20 UNIT 5 / UNIT 8 QUESTIONS KEEP ANSWERS SEPARATE BY UNITS UNIT II STUDY GUIDE Consumer Mathematics Reading Assignment See information below. Key Terms 1. Add-on interest method 2....

Q:

Calculate Nike, Inc.s working capital on May 31, 2015 and 2014 Calculate Nike, Inc.s Current Ratio on May 31, 2015 and 2014. numbers and per share amounts presented reflect the stock split NIKE, Inc....

Q:

need help adap with RNF in new balance sheet D N o June 30, 2021 125,000.00 78,400.00 46,600.00 15.000.00 31.600.00 2,000.00 29,600.00 5,920.00 23,680.00 G H 3 Pro Formu Income Statement 4 5 Sales...

Q:

Write a story about Harley Davidson.

Q:

Plastic fill process. University of Louisville researchers J. Usher, S. Alexander, and D. Duggins examined the process of filling plastic pouches of dry blended biscuit mix (Quality Engineering, Vol....

Q:

You are given the information concerning the possible returns for the market and a newly public firm, Dee's Nuts. Find the correlation between Dee's Nuts and the Market. \ table [ [ State of...

Q:

Arguments for creating a Department of Homeland Security included all of the following except: A larger organization would be easier to operate than a smaller organization It would consolidate all...

Q:

What reward policy would you suggest to the university?

Q:

Based on the data collected by the HR Department, what reward problems exist at Cordaval University?

Q:

Does the proposal to pay higher salaries to one particular group of teaching staff impact positively or negatively on the strategic plan? Explain your answer.