What Is the Future Value (FV) of $20,000 in Four

question 93

Multiple Choice

What is the future value (FV) of $20,000 in four years, assuming the interest rate is 4% per year?

• A) $15,208.16
• B) $19,887.59
• C) $23,397.17
• D) $25,736.89

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Definitions:

Homeless

The condition of lacking stable, safe, and adequate housing.

Poor People

Individuals or groups living below the poverty line, lacking sufficient financial resources for basic living standards.

Community Health Nurse

A nursing professional who works within communities to promote public health, prevent disease, and provide direct care to populations.

Community-Based Nurse

A nursing professional who provides care within the community setting, focusing on health promotion and disease prevention.