The Future Value of $100 Received Today and Deposited at 6

question 119

Multiple Choice

The future value of $100 received today and deposited at 6 percent for four years is ________

• A) $ 79
• B) $124
• C) $116
• D) $126

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Definitions:

Welfare Rolls

Lists or records of individuals receiving government aid or social security benefits, often indicating trends in unemployment or poverty.

Minimum Wage Jobs

Employment positions that pay the lowest legal hourly wage permitted by federal or state law.

Personal Responsibility And Work Opportunity Act

A U.S. federal law signed in 1996 aiming to reform the welfare system, introducing work requirements for recipients and promoting family stability.

Poverty

A condition where individuals or communities lack the financial resources to meet basic life needs such as food, shelter, and clothing.