Find the Future Value, Using the Future Value Formula and a Calculator

question 55

Multiple Choice

Find the future value, using the future value formula and a calculator. ​
$1,000 at % simple interest for 4 years
​

• A) $1,310.00
• B) $1,280.00
• C) $1,560.00
• D) $690.00
• E) $310.00

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Definitions:

Congress Representation

The elected individuals who serve in the United States Congress, including members of the House of Representatives and the Senate, representing the American people.

Virginia Plan

A proposal drafted by James Madison and presented by Edmund Randolph to the Constitutional Convention in 1787, suggesting a national government with legislative, executive, and judicial branches structured primarily around population or financial contributions, favoring larger states.

Universal Suffrage

The right of all adult citizens to vote in political elections, regardless of property ownership, income, race, or gender, a fundamental principle of democratic societies.

State's Revenue

The total income generated by a state government through taxation, fees, charges, and other sources used to fund public services and infrastructure.