What Is the Future Value of $2,000 Deposited for One

question 55

Multiple Choice

What is the future value of $2,000 deposited for one year earning 6 percent interest rate annually?

• A) $120
• B) $2.000
• C) $2,120
• D) $4,120

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Definitions:

Frequencies

The number of occurrences of a repeating event per unit of time, often used in the context of sound waves or electromagnetic waves.

Virtual-Reality Goggles

Wearable devices that provide immersive digital experiences by simulating environments and visual perceptions.

Mannequin

A life-sized model of the human body, often used in retail to display clothes or in art for drawing reference.

Illusion

A perception that misleadingly represents reality.