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:

Optical Disk

A storage disk that uses lasers to read and write data, examples include CDs, DVDs, and Blu-ray discs.

High-Quality Video

Video that has superior resolution, clarity, and detail, providing an enhanced viewing experience.

CD-R

A type of compact disc that allows users to write data on it only once, making it a non-rewritable storage medium.

DVD-R

A type of digital versatile disc that allows users to record data once and read many times, used for storing media and data files.