At an Annual Interest Rate of 7%,the Future Value of $5000

question 50

Multiple Choice

At an annual interest rate of 7%,the future value of $5000 in five years is closest to:

• A)$3565.
• B)$6750.
• C)$7015.
• D)$7035.

---

Definitions:

Electrical Circuit

A network consisting of a closed loop, giving a return path for electric current to flow, which includes at least one power source and one electrical component.

Resistance

The opposition to the flow of electric current through a conductor, quantified in ohms (Ω).

Grounding Conductor

An electrical wire that provides a path for electrical current to travel safely to the ground in case of a fault.

Shock Hazard

A dangerous condition where an individual could come into contact with an electrical energy source, potentially causing electric shock.