Calculate the Future Value of $5000 If It Is Invested

question 105

Multiple Choice

Calculate the future value of $5000 if it is invested at an interest rate of 16% compounded quarterly for 5 years and 6 months.

• A) $11 849.59
• B) $11 809.59
• C) $11 049.59
• D) $10 849.59
• E) $5849.59

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Definitions:

Cash Dividends

Payments made by a corporation to its shareholder members, distributing a portion of the company's earnings in cash.

Operating Activities

Transactions and events that affect the net income of a business, reflected in its cash flow from operations and including everyday functions like selling products and paying wages.

Comparative Balance Sheet

A financial statement that presents a company's financial position at two or more points in time, allowing for comparison.

Net Cash

The amount of cash available after accounting for all cash receipts and payments.