What Is the Future Value of a $1,000 Invested for 20

question 12

Multiple Choice

What is the future value of a $1,000 invested for 20 years at an interest rate of 10% p.a.compounded quarterly?

• A)$7209.57
• B)$3000.00
• C)$6727.50
• D)$4709.21

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Definitions:

Variables

Characteristics of objects, people, or groups of people that can be measured.

Spurious Correlations

A relationship between two variables that appears causal or related but is actually due to the presence of one or more lurking variables or random chance.

Canadian Census

The systematic enumeration of the population in Canada, conducted by the government to collect demographic information.

Shifting Trends

Changes or movements in general direction or tendencies, especially referring to popular opinion, economics, social norms, or fashion.