Calculate the Future Value of an Investment of $14,000 at 5.5

question 74

Multiple Choice

Calculate the future value of an investment of $14,000 at 5.5% per year, compounded weekly, after 6 years. Assume 52 weeks per year. ​

• A)$19,827.28
• B) $20,141.40
• C) $19,470.16
• D) $19,342.01
• E) None of these

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Definitions:

Eugene Debs

An American socialist, political activist, and trade unionist, known for his role in the founding of the Industrial Workers of the World and his five presidential runs as a socialist.

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A controversial and highly influential 1915 film directed by D.W. Griffith that portrayed the Ku Klux Klan as heroes, widely criticized for its racist depictions of African Americans.

Knights Of Labor

A labor organization founded in 1869 that advocated for the rights of workers and sought broad social reforms.

American Federation Of Labor

A national federation of labor unions in the United States founded in 1886, focused on advocating for the rights of skilled workers.