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

question 23

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)$13,4067.31
• D)$15,007.52

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Definitions:

Early 20s

A term referring to the period in a person’s life from age 20 to 24, characterized by transitions in career, education, and personal identity.

Sexual Arousal

A state of heightened physiological and emotional response to sexual stimuli, often leading to sexual desire.

Retrograde Ejaculation

A condition where semen enters the bladder instead of exiting through the penis during ejaculation.

Semen

A fluid containing spermatozoa and secretions from the male reproductive system, discharged during ejaculation.