For all the problems in this set the domain is the set of positive integers greater than 0.
-The future value in dollars, , of an investment of $5000 that is earning 6% compounded quarterly is
. Find the future value of this investment after 5 years. Round to the nearest whole number.
A) $6734
B) $6735
C) $8183
D) $8182
E) None of these
Correct Answer:
Verified
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