Busıness Fınance I Deneme Sınavı Sorusu #833034

If you deposit $16,000 per year for 12 years (each deposit is made at the end of each year) in an account that pays an annual interest rate of 14%, what will your account be worth at the end of 12 years?


$509,054

$367,897

$436,332

$465,763

$543,221


Yanıt Açıklaması:

FV= $16,000 *((1,14)^12 -1) / 0,14

=$436,332

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