Refer to the Table Representing Darcy's Bank Account

question 217

Multiple Choice

Refer to the table representing Darcy's bank account. If she deposited $2,500 into her account at the beginning of year 1 and made no further deposits or withdrawals, the $3,149 value at the end of year 3 represents the

• A)discounted value of the $2,500 deposit made at the beginning of year 1.
• B)present value of the $2,500 deposit made at the beginning of year 1.
• C)future value of the $2,500 deposit made at the beginning of year 1.
• D)present value of the interest earned over the three-year period.

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Definitions:

Subduction Zone

A region of the Earth's crust where tectonic plates converge, and one plate moves under another, often creating volcanic and seismic activity.

Magma

Molten rock located beneath the Earth's surface, which can form igneous rocks when it cools and solidifies.

Passive Margin

A continental margin that is not associated with a plate boundary and generally experiences less tectonic activity, often featuring thick sediment deposits.

Supercontinent

A massive landmass consisting of all, or nearly all, of the Earth's continents merged together, which has formed and broken apart several times in Earth's history.