Determine the future worth of $1,000 per year for 5 years at a nominal annual rate of 10%. $1, 610.50 $6, 105

Determine the future worth of $1,000 per year for 5 years at a nominal annual rate of 10%. $1, 610.50 $6, 105

 

 

answer:

The answer to the question will be option d) $1276.30. The future value is for per year only.

 

 

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