What's the future value of $15,000 after  11 years if the appropriate interest rate is 10.75%, compounded annually?Round your answer to two decimal places. For example, if your answer is $345.667 enter as 345.67 and if your answer is .05718 or 5.718% enter as 5.72 in the answer box provided. A. $54,419.48 B. $53,497.11 C. $38,278.11 D. $42,889.93 E. $46,118.20

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Chapter4: Managing Your Cash And Savings
Section: Chapter Questions
Problem 7FPE: Calculating interest earned and future value of savings account. If you put 6,000 in a savings...
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What's the future value of $15,000 after  11 years if the appropriate interest rate is 10.75%, compounded annually?

Round your answer to two decimal places. For example, if your answer is $345.667 enter as 345.67 and if your answer is .05718 or 5.718% enter as 5.72 in the answer box provided.
A. $54,419.48
B. $53,497.11
C. $38,278.11
D. $42,889.93
E. $46,118.20
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