One Year Future Value What Is the Future Value of $700

question 28

Multiple Choice

One Year Future Value What is the future value of $700 deposited for one year earning 4% interest rate annually?

• A) $28
• B) $700
• C) $728
• D) $1428

---

Definitions:

Collaborative Assessment

A process where team members work together to evaluate performance, projects, or progress towards goals.

Teams

Groups of individuals organized to work together to achieve a specific goal or set of objectives.

Organisations

Groups of individuals structured in a systematic way to achieve specific goals or tasks through collective effort.

Cohesiveness

The degree to which members of a group or team are united and committed to common goals, enhancing group performance.