The future value of $500 deposited into an account paying 8%annually for three years is: a. $500. b. $630. c. $700. d. $620.Future value = Present value * (1 + r) n. N = 3 present value =$500 and r = 8%
Your email address will not be published. Required fields are marked *
Comment *
Name
Email
Website
Δ