What's the Future Value of $1,500 After 5 Years If

question 150

Multiple Choice

What's the future value of $1,500 after 5 years if the appropriate interest rate is 6%, compounded semiannually?

• A) $1,819
• B) $1,915
• C) $2,016
• D) $2,117
• E) $2,223

---

Definitions:

Awareness

The state of being conscious or cognizant of something, including self-awareness, situational awareness, and awareness of others' emotions and perspectives.

Imminent

About to happen or likely to occur very soon.

Death Rattle

A specific type of breathing pattern heard in a dying individual, caused by fluid or secretions in the throat or airways.

Terminal Diagnosis

A medical prognosis indicating that a disease, such as cancer, cannot be cured and will likely lead to death within a short period.