If the Interest Rate Is 5 Percent, What Is the Future

question 49

Multiple Choice

If the interest rate is 5 percent, what is the future value of $5,000 three years from now?

• A) $4,310
• B) $5,500
• C) $5,010
• D) $5,788

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Definitions:

Spray And Pray

A communication strategy where a lot of information is dispersed to a large audience, with the hope that some of it will be relevant or taken up by the recipients.

Underscore And Explore

To emphasize and investigate deeply into a particular subject or problem.

Nonverbal Communication

The transmission of messages or signals through a nonverbal platform such as facial expressions, body language, posture, tone of voice, or any other form of communication without the use of words.

Verbal Communication

The process of conveying messages and information through spoken words.