What Is the Future Value of $3,100 a Year for Six

question 4

Multiple Choice

What is the future value of $3,100 a year for six years at interest rate of 8.9 percent?

• A)$20,255.40
• B)$26,847.26
• C)$27,134.16
• D)$23,263.57
• E)$24,414.67

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Definitions:

White-Collar Crime

Non-violent crime committed by professionals or businessmen, typically involving financial deception or fraud.

Immediate Presence

A legal principle usually referring to the proximity required for certain actions or rights to apply, often used in criminal law to determine the legality of searches and seizures.

Threat of Force

The use or expression of physical power or coercion to compel an action or deter decision-making, often used in contexts of law enforcement, military, or interpersonal conflicts.

Robbery

The act of taking someone's property through force or intimidation.