What Is the Future Value of $124

question 80

Multiple Choice

What is the future value of $124.49 after earning simple interest for five years at an annual rate of 10%?

• A) $162.25
• B) $186.74
• C) $200.49
• D) $136.94
• E) $175.00

---

Definitions:

Marginal Benefit

The additional satisfaction or utility received by consuming one more unit of a good or service.

Additional Slice

A term that can refer to an extra serving or portion of a good or product beyond what is normally consumed.

Marginal Benefits

The additional satisfaction or utility that a person gains from consuming an additional unit of a good or service.

Marginal Costs

The cost added by producing one additional unit of a product or service.