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Select the correct answer. If the present value of an investment is $5,000, what will be its future value in three years if you apply a compound interest of 5 percent to it? A. $5,770 B. $5,778 C. $5,877
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23 votes
23 votes
Select the correct answer.

If the present value of an investment is $5,000, what will be its future value in three years if you apply a compound interest of 5 percent to it?

A.
$5,770
B.
$5,778
C.
$5,877
D.
$5,788

User Kivagant
by
2.6k points

1 Answer

15 votes
15 votes

Answer:

D) 5,788

Step-by-step explanation:

Hope this helps:)

User Panadestein
by
3.3k points
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