What is the future value of $14,000 invested for one year at an interest rate of 5% p.a.?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 9EA: If you invest $12,000 today, how much will you have in (for further Instructions on future value in...
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What is the future value of $14,000 invested for one year at an interest rate of 5% p.a.?

a.
$14700
b.
$13333
c.
$9000
d.
$19000
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