Which of the Following Formulas Represents the Future Value of $500

question 37

Multiple Choice

Which of the following formulas represents the future value of $500 invested at 8% compounded quarterly for five years?

• A) 500(1 + .08)5
• B) 500(1 + .08)20
• C) 500(1 + .02)5
• D) 500(1 + .02)20

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