What Is the Future Value of $11,600 Invested for 17

question 18

Multiple Choice

What is the future value of $11,600 invested for 17 years at 7.25 percent compounded annually?

• A) $32,483.60
• B) $27,890.87
• C) $38,991.07
• D) $41,009.13
• E) $38,125.20

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Definitions:

FITT Formula

A principle for fitness improvement that stands for Frequency, Intensity, Time, and Type of exercise.

Progressive Overload

A training principle that involves gradually increasing the weight, frequency, or number of repetitions in strength training to stimulate muscle growth and strength gains.

Specificity

The principle that suggests that training effects are most pronounced when exercise is specifically designed for a particular sport or fitness goal.

Individuality

The distinct characteristics and qualities that make a person unique.