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:

Gustatory Cortex

The brain region involved in the perception of taste.

Taste Buds

Sensory organs located on the tongue that are responsible for perceiving and distinguishing between different tastes.

Semicircular Canals

Structures in the inner ear involved in maintaining balance and sensing head rotation.