Math  /  Word Problems

QuestionCalculate the future value of a \$5,000 investment compounded annually at 10% for 10 years. Options: A. \$5,523 B. \$12,969 C. \$13,535 D. \$13,677

Studdy Solution
Calculate the future value of the investment.
FutureValue=$5,000times2.59374=$12,968.7Future\, Value = \$5,000 \\times2.59374 = \$12,968.7The future value of the original investment is approximately \$12,969. Therefore, the correct answer is B. \$12,969.

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