What Is the Future Value of $700 Deposited for One

question 152

Multiple Choice

What is the future value of $700 deposited for one year earning 4 percent interest rate annually?

• A) $28
• B) $700
• C) $728
• D) $1,428

Recognize the importance of environmental factors and community infrastructure in disease prevention.

Understand the historical development of public health initiatives and their impact on community health.

Analyze the role of government and non-governmental organizations in the advancement of public health.

Identify key figures and their contributions to public health and nursing.

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Definitions:

Aggregate Demand

Total need for every type of good and service within an economic system, quantified at a specific price level and during a certain timeline.

Money Supply

The complete volume of monetary resources present in an economy at a specific moment, which comprises cash, coins, and the amounts in checking and savings accounts.

Interest Rate

The percentage charged or paid for the use of money, typically expressed as an annual percentage of the principal.

Fed

Short for the Federal Reserve System, it is the central banking system of the United States, responsible for monetary policy.