You Have Been Asked to Compute the Amount of a Fund

question 19

Multiple Choice

You have been asked to compute the amount of a fund that will be available at the end of three years as a result of a single sum of $1,000 that is deposited. What is the interest concept that best describes this application?

• A) Present value of a single amount.
• B) Future value of annuity.
• C) Future value of a single amount.
• D) Present value of an annuity.

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Definitions:

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Indigenous peoples of the United States, including both Native American tribes and Alaska Natives, with diverse cultures, languages, and histories.

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explores the connection, association, or interaction among ideas, concepts, or entities.

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