Question: How much will $10,000 grow to in five years, assuming an interest rate of 12% compounded quarterly? Note: Use tables, Excel, or a financial calculator.

How much will $10,000 grow to in five years, assuming an interest rate of 12% compounded quarterly?

Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (FV of $1, PV of $1, FVA of $1, and PVA of $1).

Multiple Choice

$12,544

$18,061

$19,426

$10,600

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