What Is the Future Value of $800 One Year from Today

question 197

Multiple Choice

What is the future value of $800 one year from today if the interest rate is 7 percent?

• A)$747.66
• B)$756.00
• C)$856.00
• D)None of the above are correct to the nearest cent.

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Definitions:

Late-Onset Alcohol Abusers

Individuals who begin exhibiting problematic drinking behaviors later in life, often as a response to life stressors or changes.

Problem Drinkers

Individuals who consume alcohol in ways that create physical, social, or emotional problems but may not meet the criteria for alcohol dependence.

Substance Abuse

The excessive use of substances, especially alcohol or drugs, leading to clinical and functional impairments, such as health problems and disability.

Blacks Out

Losing consciousness or memory for a period of time, often due to excessive alcohol consumption or medical conditions.