What Is the Future Value (FV)of $60,000 in Five Years,assuming

question 38

Multiple Choice

What is the future value (FV) of $60,000 in five years,assuming the interest rate is 5% per year?

• A)$62,500.00
• B)$72,674.86
• C)$75,000.00
• D)$76,576.89

---

Definitions:

Currency Market Intervention

Involves central banks or other monetary authorities buying or selling currencies to influence exchange rates.

Foreign Exchange

Foreign Exchange involves the trading of currencies against one another, facilitating international trade and investment.

Pound/Dollar Market

The foreign exchange market where the British pound and the US dollar are traded, affecting international trade and economic relations between the UK and the USA.