2
QuizMultiple Choice

Present and Future Value — Quiz

Question 2 • Advanced Financial Algebra

An investor invests $⁢2,000 at an annual interest rate of 3%, compounded annually. What is the future value of the investment after 4 years? Formula: F⁢V=P⁢V⋅(1+(r)/(n))^n⋅t

Answer
A
2 dollars comma 251 point 0 2
B
6 dollars comma 000 point 0 0
C
2 dollars comma 081 point 2 1
D
2 dollars comma 060 point 0 0
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An investor invests $⁢2,000 at an annual…