What Is the Future Value in Four-And-A-Half Years of $5000

question 37

Multiple Choice

What is the future value in four-and-a-half years of $5000 invested today at 9.50% compounded semi-annually?

• A) $6161.17
• B) $7522.00
• C) $7592.00
• D) $9875.00

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Definitions:

Tickler File

A reminder system or method used for tracking deadlines and important dates, often organized by date.

Unpaid Vouchers

Open or outstanding vouchers representing liabilities for goods or services received but not yet paid for by the company.

Voucher Number

A unique identification code assigned to each transaction or invoice in an accounting system.

Vouchers Payable

An accounting term that refers to accounts payable obligations for which vouchers have been created but not yet paid.