Question

What is the future value of $1,000 invested for 15 years at a rate of 5%?

Multiple Choice
A. $750
B. $1,000
C. $1,500
D. $2,079
E. $2,790

Answer 1

D.

Step-by-step explanation:

0 = 1,000

1 = 1,050

2 = 1,103

3 = 1,158

4 = 1,216

5 = 1,276

6 = 1,340

7 = 1,407

8 = 1,477

9 = 1,551

10 = 1,629

11 = 1,710

12 = 1,796

13 = 1,886

14 = 1,980

15 = 2,079