What Would the Future Value of $125 Be After 8

question 46

Multiple Choice

What would the future value of $125 be after 8 years at 8.5% compound interest?

• A)$205.83
• B)$216.67
• C)$228.07
• D)$240.08

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Definitions:

Tablespoon

A measure of volume used commonly in cooking, equivalent to approximately 15 milliliters.

Medication

Substances used to diagnose, treat, cure, or prevent illnesses or diseases.

Kilograms

A unit of mass in the metric system, equal to one thousand grams and used worldwide as a standard for quantifying mass in many contexts.

Weigh

The action of determining the mass or weight of an object using scales or other measuring instruments.