menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Mathematics
  3. Study Set
    Mathematics of Finance
  4. Exam
    Exam 2: Compound Interest
  5. Question
    You Invest $5000 into a Fund Paying Interest at J<sub>6</sub>
Solved

You Invest $5000 into a Fund Paying Interest at J6

Question 62

Question 62

Multiple Choice

You invest $5000 into a fund paying interest at j6 = 9%.How much is in the fund after 3 years?


A) $6350.00
B) $6475.15
C) $6511.30
D) $6536.70

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q57: You invest $2130.22 today.Four and a half

Q58: In 1977,the annual inflation rate in Canada

Q59: A loan of $A is taken out

Q60: What simple interest rate,r,is equivalent to j<sub>6</sub>

Q61: A loan of $5000 is taken out

Q63: In a particular year,the interest rate is

Q64: What nominal interest rate compounded continuously is

Q65: A woman who died left an estate

Q66: Rank the following interest rates in the

Q67: If money doubles at a certain rate

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2026) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines