If $16,000 Is Invested at 10% for 20 Years, Find

question 401

Multiple Choice

If $16,000 is invested at 10% for 20 years, find the future value if the interest is compounded daily.

• A) $118,205.20
• B) $117,637.20
• C) $118,192.52
• D) $118,126.47
• E) $117,930.19

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