What Is the Future Value of $20,000 Received in 10

question 80

Multiple Choice

What is the future value of $20,000 received in 10 years if it is invested at 6% compounded annually for the next six years and 5%, compounded semi-annually for the remaining four years?

• A) $25,000
• B) $31,000
• C) $32,772
• D) $34,567
• E) $38,817

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Definitions:

Papillae

Small, nipple-like projections on the tongue where taste buds are located, involved in the sense of taste.

Taste Buds

Sensory organs on the tongue that are responsible for detecting and interpreting flavors in food.

Primary Taste Sensations

The basic categories into which all our taste perceptions can be classified, typically sweet, sour, salty, bitter, and umami.

Light Adaptation

The process by which the eye adjusts its sensitivity to the brightness of the environment, enabling it to see in conditions ranging from bright sunlight to dim light.