If Joe Has $5,600 Today and Invests It at a 10

question 94

Multiple Choice

If Joe has $5,600 today and invests it at a 10% interest rate,how much will he have in 12 years? (Note-Solve as a future value problem.)

• A) $17,393.60
• B) $17,572.80
• C) $15,770.49
• D) $12,320.00

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