You invested $2,000 at 5.0% compounded annually.What is the value of the investment in five years? (Round your answer to two decimals.)
A) $500.00
B) $552.56
C) $2,500.00
D) $2,552.56
Correct Answer:
Verified
Q2: Ingrid has invested $10,000 in a Guaranteed
Q3: As interest rates rise, future values
A)increase.
B)decrease.
C)stay the
Q4: Earl has invested $12,000 in a security
Q5: The interest earned on both the original
Q6: Which one of the following is/are an
Q8: Gianni invested $10,000 at a rate of
Q9: Franklin needs to have $1,000 in 8
Q10: The present value is always _ the
Q11: Charles has $12,000 to invest.Charles' bank offers
Q12: If Frank is indifferent between receiving $1,000
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents