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

question 90

Multiple Choice

At the end of two years, what will be the balance in a savings account paying 6% annually if $15,000 is deposited today? The future value of one at 6% for one period is 1.06.

• A) $15,000
• B) $15,900
• C) $16,800
• D) $16,854

---

Definitions:

Consummate

To bring to a state of perfection or completion; highly skilled or perfect in every aspect.

Intimacy

The feeling of being close and emotionally connected to someone, involving trust, vulnerability, and a deep understanding of each other.

Passion

A strong and barely controllable emotion or an intense, driving feeling of enthusiasm or desire for something.

Commitment

The state or quality of being dedicated to a cause, activity, or person.