What Is the Future Value in Six Years of $10

question 67

Multiple Choice

What is the future value in six years of $10 000 invested today,compounding at 6.87% per annum?

• A) $14 122.00
• B) $14 898.24
• C) $15 128.26
• D) $23 051.04

---

Definitions:

Storage

The process or means by which information, data, or materials are kept for future use or reference.

Integration

The process of combining parts into a whole, especially in the context of social and cultural groups within a society.

Working Memory

A newer understanding of short-term memory that focuses on conscious, active processing of incoming auditory and visual-spatial information, and of information retrieved from long-term memory.

Long-Term Memory

The phase of memory capable of storing information for an extended period, from hours to a lifetime.