Find the Future Value

question 63

Multiple Choice

Find the future value.
-$5789 invested for 9 years at 5% compounded quarterly

• A) $9070.48
• B) $8980.64
• C) $9053.67
• D) $9028.86

---

Definitions:

Swiss Francs

The legal currency of Switzerland, known for its stability and used as a benchmark or safe-haven currency in international finance.

Canadian Dollar

The Canadian Dollar is the official currency of Canada, symbolized by $ or C$ to distinguish it from other dollar-denominated currencies.

Foreign Exchange Rate Risk

The potential for investors to experience losses due to changes in the exchange rates between currencies.

Spot Rate

The current market price at which a particular asset can be bought or sold for immediate delivery.