At the End of Two Years, What Will Be the Balance

question 74

Multiple Choice

At the end of two years, what will be the balance in a savings account paying 6% annually if $5,000 is deposited today? The future value of one at 6% for one period is 1.06.

• A)$5,000
• B)$5,300
• C)$5,600
• D)$5,618

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Definitions:

Postmortem

Analysis or examination conducted after death, often referring to autopsies or evaluations to determine cause of death.

Abnormalities

Deviations from the normal morphology, physiology, or behavior in organisms, often indicating a disorder or disease.

Cerebellum

A region of the brain that plays an important role in motor control, balance, and coordination.

Difficulties

Challenges or obstacles that make tasks hard to accomplish.