Posted by: Pdfprep
Post Date: February 14, 2021
Mr. Shikar wants to invest his savings in an account that pays an interest rate of 9.25% p.a. compounded annually at different ages of his son whose current age is 4 years. Please calculate for him the Future Value of these investments when his son turns 18.
A . 2177626
B . 2379057
C . 2797057
D . 3379057
Answer: B