Kaeli Company Will Invest $10,000 on January 1

question 21

Multiple Choice

Kaeli Company will invest $10,000 on January 1. If the fund earns 10% compound interest, what amount will be in the fund at the end of 5 years?

• A)$10,000
• B)$15,000
• C)$16,000
• D)$16,105