If the Present Value of an Individual's Savings Account Is

question 61

Multiple Choice

If the present value of an individual's savings account is $100,000, what is its future value in 5 years if the account earns an annual interest rate of 2 percent?

• A)$110,250.00
• B)$110,408.08
• C)$112,125.40
• D)$109,582.03

---

Definitions:

Political Consequence

The effect or outcome that political action, decision, or policy has on an individual, community, or system.

Imprisoned

The state of being confined in prison as a form of punishment or preventive measure.

Felons

Individuals who have been convicted of a felony, which is a serious crime usually punishable by imprisonment for more than one year or by death.

White-Collar

Pertaining to jobs or workers in professions that typically require formal attire and involve office work, as opposed to manual or blue-collar labor.