What Is the Future Value of $20 Invested for 80

question 40

Multiple Choice

What is the future value of $20 invested for 80 years at an annually compounded interest rate of 7% p.a.?

• A)$11,200.00
• B)$448.68
• C)$4,495.66
• D)$4,484.68

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Definitions:

Pounds

A unit of weight commonly used in the United States and British imperial system, equivalent to 0.453592 kilograms, or a unit of currency in the United Kingdom and some other countries.

Exchange Rate

An exchange rate is the value of one currency for the purpose of conversion to another currency.

Rupees

The official currency of India, also used as currency in other South Asian countries, identifiable by the symbol ₹.

Appreciated

In finance, refers to an increase in the value of an asset over time.