Find the Future Value in Two Years of $100 That

question 221

Multiple Choice

Find the future value in two years of $100 that is deposited in an account, which pays 12%, compounded monthly.

• A)$160.00
• B)$112.70
• C)$118.80
• D)$125.40
• E)$126.97

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Sarbanes-Oxley Act

A U.S. federal law established to protect investors from fraudulent financial reporting by corporations.

Financial Statements

Documents that provide an overview of a company's financial condition, including the balance sheet, income statement, and statement of cash flows.

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Chief Financial Officer

The senior executive responsible for managing the financial actions of a company, including financial planning, risk management, and financial reporting.