Compute the Future Value in Year 12 of a $2,000

question 127

Multiple Choice

Compute the future value in year 12 of a $2,000 deposit in year 3 and another $4,000 deposit at the end of year 5 using a 10 percent interest rate.

• A) $12,510.77
• B) $12,909.81
• C) $13,406.73
• D) $15,007.52

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Definitions:

Empower Clients

The practice of helping clients gain the confidence, resources, and skills needed to control their own lives and advocate for themselves.

Principle of Authenticity

A guideline suggesting that being genuine and honest with oneself and others is crucial for personal growth and relationships.

Counselor-client Relationships

The professional and therapeutic relationship between a counselor and their client, foundational to the effectiveness of counseling.

Increase Empowerment

The act of enhancing one's ability to make choices and transform those choices into desired actions and outcomes.