What Is the Future Value of $7,189 Invested for 23

question 26

Multiple Choice

What is the future value of $7,189 invested for 23 years at 9.25 percent compounded annually?

• A)$22,483.60
• B)$27,890.87
• C)$38,991.07
• D)$51,009.13
• E)$54,999.88

---

Definitions:

Magnetic Field

A vector field that describes the magnetic influence on moving electric charges, electric currents, and magnetic materials.

Subduction

The process by which one tectonic plate moves under another plate and sinks into the mantle as the plates converge.

Plate Boundary

The edges where two or more of Earth's tectonic plates meet, characterized by seismic activity, volcanic eruptions, and the formation of geological features.

Oldest Oceanic Crust

The most ancient sections of Earth's oceanic crust, markedly older than most other ocean floor areas, typically found in the deep ocean basins.