Calculate, to the Nearest Cent, the Future Value of an Investment

question 91

Multiple Choice

Calculate, to the nearest cent, the future value of an investment of $28,000 at 10.45% per year, compounded monthly, after 14 years.

• A) \(F V = \$ 120,165.64\)
• B) \(F V = \$ 112,584.37\)
• C) \(F V = \$ 821,798.19\)
• D) \(F V = \$ 31,613.79\)
• E) \(F V = \$ 45,502.17\)

---

Definitions:

Intelligence Quotient

A measure of a person's relative cognitive abilities as compared to the general population, often represented by a numerical score.

Inappropriate Suppression

The unhealthy or maladaptive practice of forcibly inhibiting or restraining one's authentic thoughts or feelings.

Healthier Alternative

An option considered to be better for physical or mental well-being compared to another, potentially harmful one.

Emotional Balance

The ability to manage emotions effectively, maintaining equilibrium between positive and negative feelings.