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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?

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?
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3 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?

asked
User Sebastian Nette
by
7.7k points

1 Answer

1 vote

Answer: For Plato users the answer is

B . $ 17,631.94

Explanation:

answered
User David Mckee
by
8.1k points
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