What Is the Difference in the Future Value of $10,000

question 49

Multiple Choice

What is the difference in the future value of $10,000 in 5 years if it is invested at 7% simple interest or invested at 7% compounded semiannually?

• A)$605.88
• B)$525.52
• C)$6,171.51
• D)No Difference

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