Calculate the Future Value of $4200 If It Is Invested

question 88

Multiple Choice

Calculate the future value of $4200 if it is invested at an interest rate of 8.6% compounded quarterly for 3 years and 10 months.

• A) $5919.75
• B) $5891.75
• C) $5819.75
• D) $5875.91
• E) $5888.75

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Definitions:

Four-Temperament Profile

A personality classification system that divides individuals into four categories based on behavior traits: sanguine, choleric, melancholic, and phlegmatic.

Supporter

A person who tends to be cooperative, honest, sensitive, warm, and understanding.

Bodily/Kinesthetic Learner

A learning style where individuals learn best through physical activities like moving, doing hands-on tasks, and using body language.

Extroverted

Pertaining to individuals who are outgoing, sociable, and draw energy from interacting with other people.