Which of the Following Will Result in a Future Value

question 98

Multiple Choice

Which of the following will result in a future value greater than $100?

• A) $40 deposited now with an annual interest rate of 14% for 8 years.
• B) $60 deposited now with an annual interest rate of 12% for 4 years.
• C) $60 deposited now with an annual interest rate of 8% for 6 years.
• D) $80 deposited now with an annual interest rate of 7% for 3 year.
• E) $80 deposited now with an annual interest rate of 10% for 2 year.

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Definitions:

Adult Americans

Individuals over the age of 18 living in the United States of America.

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, 5th Edition, a handbook used by healthcare professionals as the authoritative guide to diagnosing mental disorders.

Mental Illness

A wide range of mental health conditions that affect mood, thinking, and behavior, such as depression, anxiety disorders, schizophrenia, and bipolar disorder.

Describing Symptoms

The act of articulating or detailing the signs and indications of a disease or condition experienced by an individual.