Question: The future value at the end of 5 years of depositing $1850 into a mutual fund today, assuming the fund is expected to earn 11%

  1. The future value at the end of 5 years of depositing $1850 into a mutual fund today, assuming the fund is expected to earn 11% a year is

Select one:

a. 3117.35

b. 2630.20

c. 5000

d. 4230.58

  1. Which of the following is not a commonly used term for the interest rate employed in present value calculations?

a. investment rate

b. hurdle rate

c. discount rate

d. required return

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