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

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Definitions:

Biomedical Therapies

Therapies that directly affect the biological functioning of the body and brain; therapies for mental disorders in which a person with a problem is treated with biological or medical methods to relieve symptoms.

Psychiatrists

Medical doctors specializing in diagnosing, treating, and preventing mental, emotional, and behavioral disorders.

Culture-Bound Values

Ethical or moral values that are strongly influenced by cultural practices and beliefs.

Therapeutic Progress

Refers to the advancement or improvement in a client's condition or situation as a result of therapy.