165k views
5 votes
You want to deposit $12,000 in a bank at an interest rate of 8 percent per year. What is the future value of this money after five years?

1 Answer

5 votes
$17,631.94 is the correct answer.
User Jacka
by
8.5k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories