What Is the Future Value of $10,000 on Deposit for 5

question 55

Multiple Choice

What is the future value of $10,000 on deposit for 5 years at 6% simple interest?

• A) $7,472.58
• B) $10,303.62
• C) $13,000.00
• D)$13,382.26

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Definitions:

Technical Information

Specialized knowledge or data that pertains to a specific field or technology, usually requiring expertise to understand and apply effectively.

Research Methods

Systematic techniques used for investigating phenomena, acquiring new knowledge, or correcting and integrating previous information.

Establish Hypothesis

The process of formulating a testable statement or prediction that can be investigated through research and experimentation.

Land-Use Transport Interaction

The relationship and mutual influence between the spatial organization of a region and its transportation systems.