If you deposit $10,000 today in an account that pays 5% interest compounded annually for five years, how much interest will you earn?
A) $2,500.00
B) $2,762.82
C) $3,400.96
D) $12,762.82

Name: If you deposit $10,000 today in an account that pays 5% interest compounded annually for five years, how much interest will you earn? A) $2,500.00 B) $2,762.82 C) $3,400.96 D) $12,762.82
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Question

Quizplus · Accepted Answer

PV = 10,000
I/YR = 5
N = 5
FV = ? = 12,762.82
12,762.82 - 10,000 = 2,762.82

If You Deposit $10,000 Today in an Account That Pays