What is the value in 10 years of $10,000 deposited in an account earning 8% compounded monthly? a. $102,530 b. $33,004 c. $22,285 d. $21,589

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
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which one is correct please confirm?

QUESTION 36

  1. What is the value in 10 years of $10,000 deposited in an account earning 8% compounded monthly?
      a.
    $102,530
      b.
    $33,004
      c.
    $22,285
      d.
    $21,589
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