You Decide to Deposit $2,000 at a Local Bank for Two

question 72

Multiple Choice

You decide to deposit $2,000 at a local bank for two years at a 8% rate of interest compounded annually. What is the future value of your investment? (Do not round any intermediary calculations, and round your final answer to the nearest dollar.) Use the formula approach.

• A) $2,000
• B) $2,160
• C) $2,343
• D) $2,333

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Definitions:

Vocal Folds

Also known as vocal cords, these are mucous membrane folds in the larynx that vibrate to produce sound for speech and singing.

Vestibular Folds

Folds of mucous membrane situated above the vocal cords in the larynx, also known as false vocal cords.

Larynx

The voice box, located in the throat, which contains the vocal cords and is involved in breathing, producing sound, and protecting the trachea.

Glottis

The part of the larynx consisting of the vocal cords and the slit-like opening between them, involved in producing vocal sounds.