单选题
Given: $1000 investment, compounded monthly at 12% find the future
value after one year.
A. $1120.00.
B.$1121.35.
C. $1126.83.
【正确答案】
C
【答案解析】Divide the interest rate by the number of compound periods and multiply the number of years by the number of compound periods. I=12/12=1; N=1×12=12; PV=1000