If the Interest Rate Is 11 Percent, What Is the Future

question 285

Multiple Choice

If the interest rate is 11 percent, what is the future value of $6,000 three years from now?

• A)$8,206
• B)$7,980
• C)$7,500
• D)$8,460

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Definitions:

Apgar Scale

A quick assessment of a newborn’s health, from 0 to 10. Below 6 is an emergency—a neonatal pediatrician is summoned immediately. Most babies are at 7, 8, or 9—almost never a perfect 10.

Brazelton Assessment

A developmental test for infants, measuring their physical and neurological responses to understand their developmental progress.

Dizygotic Twins

Twins that are born from separate eggs, fertilized by separate sperm, resulting in siblings that are genetically distinct, much like ordinary brothers or sisters.

Genes

Units of heredity made up of DNA, acting as instructions to make molecules called proteins, which play an essential role in determining the physical and functional traits of an organism.