If the Current Rate of Interest Is 8%, Then the Future

question 27

Multiple Choice

If the current rate of interest is 8%, then the future value (FV) of an investment that pays $1000 per year and lasts 20 years is closest to:

• A) $20,000
• B) $18,519
• C) $45,762
• D) $9818

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Definitions:

Body Posture

Body posture refers to the positioning of the body as a whole, often indicative of mood, confidence level, or health status.

Facial Expressions

Refer to the visible changes in the facial muscles that convey an individual's emotional state or reactions.

Nonverbal Communication

A process of conveying messages without the use of spoken words, which can include gestures, facial expressions, body language, and other visual cues.

Body

The physical structure of a person or an organism, comprising the skeletal, muscular, and organ systems.