The Future Value of $200 Received Today and Deposited at 8

question 98

Multiple Choice

The future value of $200 received today and deposited at 8 percent for three years is

• A) $248.
• B) $252.
• C) $158.
• D) $200.

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Definitions:

Retain

The ability to keep or hold on to information, knowledge, or possessions.

Recall

The mental process of retrieving information from past experiences or learning from memory.

Study Habits

Consistent practices or routines that individuals use to efficiently absorb, process, and retain new information and skills.

Method-Of-Place

A mnemonic device aiding memory by associating information with specific physical locations.