What is the future value of 12 deposited today in 5 years


What is the future value of $12 deposited today in 5 years when earning 6% simple rate of interest?

Options:

A) 22.4

B) 60

C) 15.6

D) 18.5

E) None of the above

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Financial Management: What is the future value of 12 deposited today in 5 years
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