If You Put $1,000 in a Savings Account and Make

question 30

Multiple Choice

If you put $1,000 in a savings account and make no further deposits,what type of calculation would provide you with the value of the account in 20 years?

• A)Future value of a single amount
• B)Simple interest
• C)Present value of a single amount
• D)Present value of a series of deposits
• E)Future value of a series of deposits

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Definitions:

Civil Action

A legal proceeding in which a plaintiff sues a defendant to resolve a non-criminal dispute.

Intrastate Offering Exemption

A legal exemption allowing securities to be sold within a single state without needing to register with the federal Securities and Exchange Commission.

Rule 147

A regulation under the U.S. Securities Act of 1933, facilitating companies to raise funds from investors within their state without registering the offer with the SEC.

Intrastate Resale

The sale of goods or services within the same state, not crossing state boundaries.