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

question 51

Multiple Choice

If the current rate of interest is 8%,then the future value (FV) of an investment that pays $1000 per year and lasts 20 years is closest to:

• A)$18,519
• B)$45,762
• C)$9,818
• D)$20,000

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Definitions:

Spinal Cord

The major channel of information that connects the brain to the body, conducting sensory and motor information to and from the peripheral nervous system.

Sympathetic

Associated with or denoting the part of the autonomic nervous system responsible for controlling the body's fight or flight response.

Parasympathetic

Part of the autonomic nervous system responsible for rest and digestion, helping the body to conserve energy and replenish its resources.

Autonomic Nervous System

The part of the nervous system responsible for control of the bodily functions not consciously directed, such as breathing, the heartbeat, and digestive processes.