Calculate, to the Nearest Cent, the Future Value of an Investment

question 29

Multiple Choice

Calculate, to the nearest cent, the future value of an investment of $14,000 at 4.25% per year, compounded quarterly (4 times per year) , after 7 years.

• A) \(F V = \$ 18,821.28\)
• B) \(F V = \$ 14,607.35\)
• C) \(F V = \$ 44,901.19\)
• D) \(F V = \$ 18,735.29\)
• E) \(F V = \$ 15,075.03\)

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