单选题
Given: an 11 percent annual rate compounded quarterly for 2 years ;
compute the FV of $ 8000 today.
A. $ 9857.
B. $ 8962.
C. $ 9939.
【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=11/4=2.75; N=2×4=8; PV=8000