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What Is the Future Value of $12 000 on Deposit

question 6

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What is the future value of $12 000 on deposit for four years at 7.00% per annum simple interest?


Definitions:

Not Planned

A situation or event that occurs without prior intention or arrangement.

Contrived

Something artificially created rather than arising naturally or spontaneously.

Advance

Progress or development towards a more complete or improved state; also refers to the act of moving forward.

Expected Standard Of Care

The level of care and service that is anticipated or accepted as appropriate based on professional norms or benchmarks.

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