What Is the Future Value of $700 Deposited for One

question 152

Multiple Choice

What is the future value of $700 deposited for one year earning 4 percent interest rate annually?

• A) $28
• B) $700
• C) $728
• D) $1,428

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Definitions:

Borobudur

A 9th-century Mahayana Buddhist temple in Indonesia, famous for its extensive decorative panels and hundreds of Buddha statues.

Portable Statues

Small, movable sculptures typically associated with religious or ceremonial purposes, allowing for private devotion or transport.

Processions

Organized groups moving together in a formal or ceremonial manner, often associated with religious, celebratory, or mourning practices.

Bronze

An alloy of copper and tin, often used for sculpture, tools, weapons, and building materials in ancient and medieval periods due to its hardness and durability.