Assume the Following Future Values Will Be Received at the End

question 69

Multiple Choice

Assume the following future values will be received at the end of each year.What is the interest rate if the future value of these amounts at the end of year 3 is equal to $2,393? Yr.1 = $500; Yr.2 = $750; Yr.3 = $1,000

• A)6.5%
• B)6.8%
• C)7.0%
• D)8.0%
• E)8.9%

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Definitions:

Insulin

A hormone produced by the pancreas that regulates blood sugar levels by facilitating the uptake of glucose into cells.

Calcium

A chemical element important for bone and teeth health, muscle function, and nerve signaling.

Lean-Body Mass

The portion of body composition that is made up of muscles, organs, bones, and other tissues excluding body fat.

Racial

Pertaining to race or races, often used in contexts discussing diversity, discrimination, or characteristics attributed to different ethnic groups.