Calculate the Future Value of $5000 If It Is Invested

question 105

Multiple Choice

Calculate the future value of $5000 if it is invested at an interest rate of 16% compounded quarterly for 5 years and 6 months.

• A) $11 849.59
• B) $11 809.59
• C) $11 049.59
• D) $10 849.59
• E) $5849.59

---

Definitions:

Enron

Enron was a U.S.-based energy company that became infamous for its financial scandal in 2001, involving massive accounting fraud that led to the company’s bankruptcy and the dissolution of Arthur Andersen, one of the five largest audit and accountancy partnerships in the world.

HealthSouth

A private healthcare company, known for a significant accounting scandal involving overstating earnings to meet stockholder expectations.

Formal Presentation

A structured display or speech to convey information or ideas effectively to an audience, often in a professional setting.

Balance Sheet

A summarization capturing the value of assets, liabilities, and equity from shareholders of a company at an exact moment.