What Is the Future Value of £1,000 a Year for fiVe

question 73

Multiple Choice

What is the future value of £1,000 a year for five years at a 6% rate of interest?

• A)£4,212.36
• B)£5,075.69
• C)£5,637.09
• D)£6,001.38
• E)£6,801.91

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Definitions:

Total Capital

The sum of a company's debt and equity, representing the total funds available for its operations and growth.

Association

A group of people organized for a joint purpose or to carry out a common goal.

Co-owners

Individuals or entities that jointly own a property or business, sharing rights, responsibilities, and profits.

Liquidation

The process of converting assets into cash or other forms of payment to settle debts or obligations of a business.