What Is the Total Future Value Six Years from Now

question 129

Multiple Choice

What is the total future value six years from now of $50 received in one year, $200 received in two years, and $800 received in six years if the discount rate is 8%?

• A) $1,050.00
• B) $1,047.93
• C) $1,145.56
• D) $1,237.21
• E) $1,269.15

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Definitions:

Federal Building

A building owned or leased by the federal government of a country, often housing government offices.

Private Militia Group

An armed group that is not part of the official military or police force of a country and often operates with a degree of autonomy to pursue specific objectives.

Special Counsel

An independent investigator appointed to investigate, and possibly prosecute, specific legal issues within or connected to the federal government when there is a potential conflict of interest.

Kenneth Starr

A lawyer and judge known for his investigation of figures during the Clinton administration, leading to the impeachment of President Bill Clinton.