What Is the Future Value of $30,000 Received Today, After

question 104

Multiple Choice

What is the future value of $30,000 received today, after 10 years if it is invested at 7% compounded annually for the next seven years and 5%, compounded annually for the remaining three years?

• A)$81,744
• B)$71,000
• C)$62,772
• D)$54,567
• E)$55,767

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Definitions:

Pesticide Water Pollution

The contamination of water bodies with pesticides, which can harm aquatic life, disrupt ecosystems, and pose health risks to humans and wildlife.

Integrated Pest Management

An environmentally friendly approach to pest control that combines biological, cultural, physical, and chemical tools to minimize economic, health, and environmental risks.

Sewage Sludge

A semi-solid byproduct generated from the treatment processes of sewage or wastewater.

Ecologically Responsible

acting in a way that is conscious of and beneficial to the environment and ecological systems.