If the Current Rate of Interest Is 8%,then the Future

question 39

Multiple Choice

If the current rate of interest is 8%,then the future value 20 years from now of an investment that pays $1,000 per year and lasts 20 years is closest to:

• A) $45,761
• B) $36,725
• C) $9,818
• D) $93,219

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Definitions:

Ureter

A tube carrying urine from the kidney to the urinary bladder.

Kidney

A vital organ in the body responsible for filtering waste products from the blood and excreting them through urine, regulating fluid and electrolyte balance.

Bladder

A hollow muscular organ in the lower abdomen that stores urine from the kidneys before it is excreted through the urethra.

Graft

A constructed part.