The Future Value of $100 Received Today and Deposited at 6

question 104

Multiple Choice

The future value of $100 received today and deposited at 6 percent for four years is

• A) $126.
• B) $ 79.
• C) $124.
• D) $116.

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Definitions:

Circular Process

A sequence of events or actions that loops back to the starting point, often leading to a repeating cycle.

Grade Point Average

A numerical calculation representing the average value of the accumulated final grades earned in courses over time, used as a measure of academic achievement.

Variables

Variables are any characteristics, numbers, or quantities that can be measured or quantified, which change or vary across different situations.

Age

The length of time that a person or thing has existed.