The Future Value of $200 Received Today and Deposited for Three

question 19

Multiple Choice

The future value of $200 received today and deposited for three years in an account which pays semiannual interest of 8 percent is:

• A) $253
• B) $252
• C) $158
• D) $134
• E) $248

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Definitions:

Component Parts

Individual pieces or materials that are assembled or used together to create a finished product or to complete a larger assembly.