The Future Value of $100 Received Today and Deposited in an Account

question 63

Multiple Choice

The future value of $100 received today and deposited in an account for four years paying semiannual interest of 6 percent is:

• A) $450
• B) $126
• C) $889
• D) $134
• E) $124

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Definitions:

Tanker Trailer

A large container on wheels designed specifically for transporting liquid or gas commodities, such as fuel, water, or chemicals.

Sub-Frames

Structural components that provide support to the main frame of a vehicle, often used to isolate vibrations or add rigidity.

Upper Coupler

A component of a trailer's coupling device that connects the trailer to the fifth wheel of a tractor or towing vehicle, ensuring a secure connection.

AWS Welding Electrodes

Electrodes classified by the American Welding Society, designed for specific types of welding processes and materials.