What Amount Would You Have After 10 Years by Investing

question 166

Multiple Choice

What amount would you have after 10 years by investing $500 at the end of every month if your investment earns 14% compounded quarterly?

• A) $129,534
• B) $74,407
• C) $128,294
• D) $116,024
• E) $87,398

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Definitions:

Book Value

The net value of a company's assets minus its liabilities, often used to assess a company's worth.

Impaired Goodwill

The decrease in the value of a company's goodwill, often due to adverse changes in the business or market conditions, requiring a write-down in accounting.

Amortization

The practice of systematically depreciating the initial cost of an intangible asset over its life span.

Economic Life

The estimated period over which an asset is expected to be productive or useful in generating revenue.