Compute the Future Value in Year 10 of a $1,000

question 105

Multiple Choice

Compute the future value in year 10 of a $1,000 deposit in year 1, and another $1,500 deposit at the end of year 4 using an 8 percent interest rate.

• A) $3,120.73
• B) $4,379.31
• C) $4,500.00
• D) $5,397.31

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Definitions:

Aggression

Social behavior whose objective is to harm someone, either physically or verbally.

Obedience

Behavior that complies with the explicit demands of the individual in authority.

Altruism

A selfless concern for the well-being of others, often resulting in acts of kindness without expectation of personal benefit.

Testosterone

A steroid hormone that plays a key role in the development of male reproductive tissues and the promotion of secondary sexual characteristics.