At a Rate of 6

question 74

Multiple Choice

At a rate of 6.5%, what is the future value of the following cash flow stream?

• A) $526.01
• B) $553.69
• C) $582.83
• D) $613.51
• E) $645.80

---

Definitions:

Fair Labor Standards Act

U.S. law that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards.

Heavy Machinery Work

Tasks or jobs that involve operating large machinery often used in construction, manufacturing, or transportation.

Hazardous Occupations

Jobs or professions that expose workers to risks that could harm their health or safety.

Davis-Bacon Act

A federal law that requires the payment of prevailing wage rates to all laborers and mechanics working on public construction projects.