What Is the Future Value of $500 One Year from Today

question 137

Multiple Choice

What is the future value of $500 one year from today if the interest rate is 6 percent?

• A)$515
• B)$520
• C)$530
• D)None of the above is correct.

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Definitions:

Weekly

Relating to or occurring every week or pertaining to activities, events, or occurrences scheduled on a weekly basis.

CMS

Content Management System, a software application used to create, edit, manage, and publish content in a collaborative environment.

FTP

File Transfer Protocol, a standard network protocol used for the transfer of computer files between a client and server on a computer network.

ISP

Internet Service Provider; a company that provides customers with access to the Internet.