Which of the Following Is Closest to the Future Value

question 105

Multiple Choice

Which of the following is closest to the future value of an $800,000 deposit earning 2 percent interest annually after 20 years?

• A)$1,120,262
• B)$1,188,758
• C)$1,201,204
• D)$1,176,224

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Definitions:

Comparative Advantage

The ability of an entity to produce a good at a lower opportunity cost than another entity, promoting trade benefits.

Natural Experiments

Observational study situations where external circumstances or events have created conditions that mimic a controlled experiment.

Mimic

involves imitation or copying of actions, behavior, or practices, often without understanding the underlying principles or mechanics.

Corruption

Dishonest or fraudulent conduct by those in power, typically involving bribery.