If a Person Deposited $100 a Month for 5 Years

question 25

Multiple Choice

If a person deposited $100 a month for 5 years earning 9 percent, this would involve what type of computation?

• A)simple interest
• B)future value of a single amount
• C)future value of a series of deposits
• D)present value of a single amount
• E)present value of a series of deposits

---

Definitions:

Liquidation

The process of closing a business and distributing its assets to claimants, typically when it is insolvent.

Bankruptcy Court Judges

Judges specializing in overseeing bankruptcy cases, making decisions on the dischargeability of debts and other related matters.

Congressional Authority

The powers granted to the United States Congress under the Constitution, including legislation, oversight, and the declaration of war.

United States Constitution

The supreme law of the United States, establishing the national government, fundamental laws, and guaranteed certain basic rights for its citizens.