What Is the Future Value of $80,000 Received Today, After

question 94

Multiple Choice

What is the future value of $80,000 received today, after 14 years if it is invested at 8% compounded annually for the next five years and 3%, compounded annually for the remaining nine years?

• A)$171,022
• B)$158,098
• C)$144,772
• D)$134,567
• E)$153,371

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Definitions:

Queen Anne

The monarch of Great Britain and Ireland from 1702 to 1714, whose reign saw the union of England and Scotland.

British Invasion

A cultural phenomenon in the 1960s when rock and pop music acts from the United Kingdom became popular in the United States.

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A country in North America known for its vast landscapes, multicultural cities, and as a member of the Commonwealth with a parliamentary system.

South Carolina

A state in the southeastern United States known for its shores, historical significance, and role in both the American Revolution and Civil War.