What Amount Would You Have After 10 Years by Investing

question 166

Multiple Choice

What amount would you have after 10 years by investing $500 at the end of every month if your investment earns 14% compounded quarterly?

• A) $129,534
• B) $74,407
• C) $128,294
• D) $116,024
• E) $87,398

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Definitions:

New Sales

Revenue or transactions generated from selling products or services that are newly introduced to the market.

Lasting Business Friendship

A prolonged professional relationship characterized by mutual respect, trust, support, and a personal connection that benefits both parties in their business endeavors.

Mutual Trust

A reciprocal belief in the reliability, truth, ability, or strength of two or more parties.

Relationship Marketing

A marketing strategy aimed at building long-term relationships with customers to foster loyalty and repeat business.