Which of the Following Is Closest to the Future Value

question 58

Multiple Choice

Which of the following is closest to the future value of a $40,000 deposit earning 3 percent interest annually after 5 years?

• A)$41,282
• B)$46,021
• C)$46,371
• D)$41,150

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Definitions:

State-Supported Company

A business that receives special advantages, funding, or backing from the government.

Indirect Benefits

Advantages or gains not directly attributed to a particular action or investment but occurring as a secondary effect.

Stocks Or Bonds

Financial instruments that represent ownership in companies (stocks) or debt obligations (bonds) issued by corporations or governments.

Operates Business

The act of managing and running a company or commercial enterprise.