What Is the Future Value After 14 Years If You $\$ 17,254.21$

question 233

Multiple Choice

What is the future value after 14 years if you deposited $2,000 for your child's education and the interest was guaranteed at 16% compounded annually?

• A) \(\$ 17,254.21\)
• B) \(\$ 2,300.45\)
• C) \(\$ 2,017.57\)
• D) \(\$ 4,017.57\)
• E) \(\$ 15,975.04\)

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Definitions:

Sensory Receptors

Specialized cells or nerve endings that respond to changes in the environment and transmit signals to the central nervous system.

Perception

The process by which sensory information is interpreted and organized to understand the environment.

Sensory Nerve Endings

Specialized endings of sensory neurons designed to detect stimuli from the environment, such as temperature, pressure, and pain.

Free Nerve Endings

Sensory nerve fibers that terminate loosely in the tissue and are involved in sensing pain, temperature, and touch.