The Future Value of $1,000 Deposited a Year for 5

question 50

Multiple Choice

The future value of $1,000 deposited a year for 5 years earning 4 percent would be approximately:

• A) $5,000
• B) $5,250
• C) $5,400
• D) $6,500
• E) $8,200

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Definitions:

Readjustment Act

Legislation aimed at providing benefits to military veterans, such as education and housing assistance.

Affirmative Action

Policies or practices that seek to address past discrimination and inequality by making efforts to increase opportunities for historically marginalized groups.

Disabled Veterans

Disabled veterans are military veterans who have sustained injuries or disabilities during their service, entitled to various benefits and protections as recognition of their service.

OSHA

The Occupational Safety and Health Administration, a U.S. government agency responsible for ensuring safe and healthy working conditions for employees by setting and enforcing standards.