What will be the future value of $5 000 invested for six years at 8% per annum compounded quarterly

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter1: Understanding Personal Finance
Section1.4: Perform Time Value Of Money Calculations
Problem 3CC
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What will be the future value of $5 000 invested for six years at 8% per annum compounded quarterly?

Select one:
a.

$6 532.81

b.

$7 923.37

c.

$7 934.37

d.

$8 042.19

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