What Is the Future Value of $10,000 on Deposit for 2

question 82

Multiple Choice

What is the future value of $10,000 on deposit for 2 years at 6% simple interest?

• A) $10,600
• B) $11,236
• C) $11,200
• D) $13,382.26

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Definitions:

Depot Service

A service provided at a depot or warehouse where products can be stored, maintained, or repaired before being distributed to customers.

Operator Maintenance

Activities performed by operators to keep machinery and equipment in proper working condition, often including routine checks and minor repairs.

Infant Mortality

The death of young children under the age of 1, often measured by the infant mortality rate, which is the number of such deaths per 1,000 live births.

High-Intensity Bulbs

High-intensity bulbs are light bulbs designed to produce a very bright light output, widely used in areas requiring significant illumination.