FV= PV*(1+r)^n | ||
Where, | ||
FV= Future Value | ||
PV = Present Value | ||
r = Interest rate i.e. 5*6/12 =2.5% | ||
n= Number of years | ||
= $100000*( 1+0.025)^1 | ||
=100000*1.025 | ||
= $102500 | ||
Correct Option: C | ||
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