What Is the Future Value (FV)of $60 000 in Five

question 80

Multiple Choice

What is the future value (FV) of $60 000 in five years, assuming the interest rate is 5% per year?

• A)$75 000.00
• B)$76 576.89
• C)$62 500.00
• D)$72 674.86

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Definitions:

Accumulated Depreciation

The total depreciation of an asset that has been charged to expense since the asset was acquired and put into use.