Which of the Following Has the Highest Future Value

question 161

Multiple Choice

Which of the following has the highest future value?

• A)$100 saved for 2 years at 10 percent interest
• B)$110 saved for 2 years at 9 percent interest
• C)$120 saved for 2 years at 8 percent interest
• D)$130 saved for 2 years at 7 percent interest

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Definitions:

Workers' Compensation

Insurance that ensures employees receive medical care and wage replacement if they sustain injuries at work.

Estimated

An approximate calculation or judgment of the value, number, quantity, or extent of something.

Workers' Compensation

Coverage that delivers healthcare benefits and substitutes income for workers injured during their employment tasks.

Premium Cost

The additional amount paid over the normal cost for something, often for insurance or for acquiring a financial instrument before maturity.