What Is the Value,in 18 Months,of an Investment of $10,000

question 85

Multiple Choice

What is the value,in 18 months,of an investment of $10,000 made today if interest is compounded continuously at 6.5%?

• A)$32,219.93
• B)$11,024.11
• C)$11,021.21
• D)$10,987.96

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Definitions:

Raw Materials

The basic materials from which a product is made, often referred to in the context of manufacturing and production industries.

Assemblers

Individuals or machines that put together components to create a finished product.

Partnership

A legal form of business operation between two or more individuals who share management and profits.

Ratio

A mathematical expression that compares two quantities and shows the relative size of one quantity to the other.