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:

Electronic Commerce

The buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions.

Internet

A global network of computers that provides a wide range of information and communication facilities, including access to websites and other services.

Information Technologies

Systems, software, and equipment designed to store, retrieve, transmit, and manipulate data, significantly influencing the operation of businesses and societies.

Group Decision Support System

A computer-based system designed to aid groups in making decisions, improving the efficiency and effectiveness of team decision-making processes.