What Is the Future Value of $500 in 4 Years

question 15

Multiple Choice

What is the future value of $500 in 4 years that earns an annual interest rate of 3 percent?

• A)$559.12
• B)$568.67
• C)$562.75
• D)$560.25

---

Definitions:

Diversity-of-Citizenship

A basis for federal court jurisdiction in the United States when the parties involved are citizens of different states or a foreign country.

Federal Criminal Law Cases

Legal cases that involve violations of federal criminal law and are prosecuted at the federal level.

Procedural Rules

Regulations governing the process by which courts hear and determine what happens in civil, criminal, or administrative proceedings.

Federal Court Rules

The procedures and regulations governing the practice and procedure in the federal courts of the United States.