What Would Be the Future Value of a Loan of $1,000

question 75

Multiple Choice

What would be the future value of a loan of $1,000 for two years if the bank offered a 10% interest rate compounded semiannually?

• A)$1,720
• B)$1,960
• C)$1,200
• D)$1,216

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Definitions:

Auscultating

The act of listening to the sounds made by internal organs, especially the lungs and heart, typically with a stethoscope, as part of a medical examination.

Pneumonia

An inflammatory condition of the lung, often caused by infection, that leads to alveolar filling with fluid or pus.

Turgor

The pressure of fluid within a cell that contributes to its rigidity, often used as an indicator of hydration.

Emaciated

Describes an individual or animal that is abnormally thin or weak, typically because of severe malnourishment or illness.