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NEW QUESTION: 1
Consider the following three investments with annual compounding:
Present value years interest rate
1.$22,500 56% per year
2.$10,000 75% per year
3.$15,000 38% per year
The future values of the 3 investments, at the ends of their investment periods, are:
A. $23,850, $10,500, $16,200
B. $26,454, $12,067, $17,181
C. $30,110, $14,071, $18,896
D. $16,813, $7,107, $11,907
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Future value = Present value*(1+r)