微信扫一扫
实时资讯全掌握
On January 1, year 1, Duripan Corp. invested $10,000 in 5-year certificates of deposit at 8% interest. Future value factors are as follows:
Assume that Duripan does not elect the fair value option to report its financial assets. What will be the maturity value of these CDs, assuming that the market interest rate at maturity is 10%? A. $14,690 B. $16,110 C. $61,050 D. $58,670 |