What's the Future Value of $1,200 After 5 Years If

question 110

Multiple Choice

What's the future value of $1,200 after 5 years if the appropriate interest rate is 6%, compounded monthly?

• A) $1,537.69
• B) $1,618.62
• C) $1,699.55
• D) $1,784.53
• E) $1,873.76

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Definitions:

Qualifications

Credentials, experiences, or achievements that make an individual suitable for a particular job or activity.

AIDA Plan

A marketing strategy model that stands for Attention, Interest, Desire, and Action, used to guide the process of advertising or selling.

Selling Points

Key features or benefits of a product or service that are emphasized in marketing or sales efforts to attract and convince potential customers.

Academic Performance

The extent to which a student, teacher, or institution has achieved their short or long-term educational goals.