ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Person Gamma deposits $30, 000 into an account that pays 12% annual interest and holds it for 16 years.Future Values FV = PV(1+r)^n
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$183911.80
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$186541.76
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$176284.60
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$38245.60
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Explanation:
Detailed explanation-1: -What is the future value (FV) of $50, 000 in thirty years, assuming the interest rate is 12% per year? D ) Calculate the FV with PV = $50, 000, interest = 12%, and N = 30, which = $1, 497, 996.11.
Detailed explanation-2: -Answer and Explanation: The $100 investment becomes $161.05 after 5 years at 10% compound interest.
There is 1 question to complete.