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:

Eating Disorders

Psychological disorders characterized by abnormal or disturbed eating habits that negatively affect a person's health and well-being.

Coping Effectively

The ability to manage stressful situations or challenges in a healthy manner that reduces negative emotional impact and promotes well-being.

Stigmatized Illnesses

Conditions that are devalued or discriminated against in society due to misconceptions, prejudices, or fear.

Dialectical Behavior Therapy

A type of cognitive-behavioral therapy that emphasizes balancing acceptance and change to improve emotional regulation and interpersonal effectiveness.