Compute the Future Value in Year 12 of a $2,000

question 127

Multiple Choice

Compute the future value in year 12 of a $2,000 deposit in year 3 and another $4,000 deposit at the end of year 5 using a 10 percent interest rate.

• A) $12,510.77
• B) $12,909.81
• C) $13,406.73
• D) $15,007.52

Understand and perform multiplication of fractions and whole numbers.

Calculate total quantities from combined individual quantities in real-world contexts.

Understand and perform the reduction of products to their lowest terms.

Understand and perform computations involving mixed numbers and improper fractions.

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Definitions:

Adoptive Siblings

Children who are not biologically related but are brought into a familial relationship through the process of adoption by common adoptive parents.

Identical Twins

Siblings born from the same pregnancy who share the same genetic material because they were fertilized from a single zygote that split.

Behavioral Tendencies

Patterns of reaction or action that an individual consistently shows in response to a particular situation.

Personality Trait

Enduring characteristics that describe an individual's behavior, such as introversion or extroversion.