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:

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Problem Space

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