Which of the Following Is Closest to the Future Value

question 58

Multiple Choice

Which of the following is closest to the future value of a $40,000 deposit earning 3 percent interest annually after 5 years?

• A)$41,282
• B)$46,021
• C)$46,371
• D)$41,150

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Definitions:

Prohibition

The legal act of forbidding certain actions, substances, or activities, typically through legislated bans.

Basic Rights

Fundamental freedoms and protections that individuals are entitled to, often enshrined in law or constitutional documents.

Consequentialist Approach

A philosophical stance asserting that the morality of an action is based on its outcomes or consequences.

Effectiveness

The degree to which something achieves its intended outcome or performs its intended function.