How Much Must Be Invested Today to Have $1,000 in Two

question 63

Multiple Choice

How much must be invested today to have $1,000 in two years if the interest rate is 5%?

• A)$909.09
• B)$900.00
• C)$907.00
• D)$950.00

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Definitions:

Landscape

The visible features of an area of land, including physical elements such as landforms, living elements, and human elements like structures.

Granite

A coarse-grained, felsic igneous rock containing mostly feldspar and quartz.

Continental Crust

The thick, generally granitic layer of the earth's crust that forms the continents and continental shelves, distinct from the denser, basaltic oceanic crust.

Upper Mantle

The upper mantle refers to the section of the Earth's mantle situated just beneath the Earth's crust, extending down to about 660 kilometers below the Earth's surface. This region is significant for its role in tectonic movements and the convection currents that drive plate tectonics.