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:

Voidable

Refers to a legal agreement or transaction that is valid and enforceable, but can be annulled or terminated by one or more of the parties involved due to certain defects or circumstances.

Contract

A legally binding agreement between two or more parties that creates mutual obligations enforceable by law.

UCC Contract

A contract regulated under the Uniform Commercial Code, which governs commercial transactions in the United States.

Terms

Conditions and stipulations outlined in a contract or agreement, specifying the rights and obligations of the parties involved.