Use the Following Timeline to Answer the Question(s)below

question 66

Multiple Choice

Use the following timeline to answer the question(s) below.
-At an annual interest rate of 7%,the future value of this timeline in year 3 is closest to:

• A)$3295.
• B)$3600.
• C)$3771.
• D)$4035.

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Definitions:

Incompetent Person

An individual legally declared unable to handle their own affairs due to mental or physical incapacity.

Guardian

A person legally appointed to manage and make decisions for someone who is unable to take care of their personal affairs, such as a minor or incapacitated individual.

Sufficient Funds

A term referring to the adequate amount of money in an account to cover drafts, checks, or transactions.

Electronic Funds Transfer Act

A U.S. law designed to protect consumers engaging in electronic transfer of funds, including ATM transactions and direct deposits.