The Future Value of $200 Received Today and Deposited at 8

question 98

Multiple Choice

The future value of $200 received today and deposited at 8 percent for three years is

• A) $248.
• B) $252.
• C) $158.
• D) $200.

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Definitions:

Final Step

The last phase in a process or procedure, often crucial for the completion or achievement of the intended outcome.

Transfer

The act of moving or conveying property, rights, or interest from one entity or person to another.

Signing

Signing refers to the act of writing one's name, initials, or mark on a document as a form of acknowledgement, consent, or agreement.

Sodium Chloride

A chemical compound known as table salt, consisting of sodium and chloride ions, essential for various bodily functions including nerve transmission and muscle function.