What Is the Future Value (FV) of $60,000 in Five

question 18

Multiple Choice

What is the future value (FV) of $60,000 in five years, assuming the interest rate is 5% per year?

• A) $76,576.89
• B) $72,674.86
• C) $75,000.00
• D) $62,500.00

---

Definitions:

Drive

An innate, biologically determined urge to attain a goal or satisfy a need.

Academic Performance

The extent to which a student has achieved their short or long-term educational goals, often measured by grades or test scores.

Motivational Problems

Issues or barriers that prevent an individual from initiating or maintaining actions towards achieving goals, often affecting performance and productivity.

Cognitive Component

Part of an attitude involving beliefs, thoughts, or attributes about a subject, object, or event.