If You Receive $15,000 Today and Can Invest It at a 8.00

question 5

Multiple Choice

If you receive $15,000 today and can invest it at a 8.00% annual rate compounded continuously,what will be your ending value after 20 years?

• A) $63,894.12
• B) $56,464.57
• C) $74,295.49
• D) $92,869.36
• E) $80,982.08

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Definitions:

Creditors

Individuals or entities that loan money or extend credit, expecting to be repaid, often with interest.

Registered Bonds

Bonds that are registered in the name of the holder and require transfer of ownership when sold, contrasting with bearer bonds.

Transfer Agent

An organization that keeps records of the owners of a company’s securities. When a security is sold by one investor to another, ownership is transferred on the record by the transfer agent.

SEC

The Securities and Exchange Commission, a U.S. federal agency responsible for enforcing federal securities laws and regulating the securities industry.