What Would Be the Future Value of a Loan CD

question 129

Multiple Choice

What would be the future value of a loan CD of $1,000 for two years if the bank offered a 10% interest rate compounded semiannually?

• A)$1,720
• B)$1,960
• C)$1,200
• D)$1,216

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Definitions:

Photorespiration

A metabolic pathway in plants that consumes oxygen, releases carbon dioxide, generates no ATP, and decreases photosynthetic output; it occurs when oxygen levels are high and carbon dioxide levels are low.

RuBP

Ribulose bisphosphate, a sugar involved in the initial step of carbon fixation in the process of photosynthesis.

Oxygen

A reactive, life-sustaining component of the atmosphere, essential for cellular respiration in aerobic organisms and critical for combustion processes.

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration. It is absorbed by plants in photosynthesis.