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

question 53

Multiple Choice

If the present value of an individual's savings account is $52,354, what is its future value in 3 years if the account earns an annual interest rate of 8 percent?

• A)$66,580.89
• B)$64,589.13
• C)$65,950.96
• D)$66,320.48

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Definitions:

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A viscous, gelatinous substance that provides structural support and medium for cell components in various tissues, including the extracellular matrix of connective tissue.

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A disease caused by infection with freshwater parasitic worms in certain tropical and subtropical regions.

Typhus

A group of infectious diseases caused by Rickettsia bacteria, transmitted by lice, fleas, or mites, characterized by severe fever, headache, and rash.

Malaria

A serious disease caused by Plasmodium parasites, transmitted to humans through the bite of infected Anopheles mosquitoes, characterized by fever, chills, and flu-like illness.