Future Value Given a 6 Percent Interest Rate,compute the Year

question 126

Multiple Choice

Future Value Given a 6 percent interest rate,compute the year 6 future value of deposits made in years 1,2,3,and 4 of $1,200,$1,400,$1,400,and $1,500.

• A)$4,741.68
• B)$5,986.26
• C)$6,179.80
• D)$6,726.16

---

Definitions:

Guests

Individuals who are invited to or visit a place or event, typically receiving hospitality from the host.

Planning Budget

A planning budget refers to a financial plan that estimates income, expenditure, and resources over a certain period, tailored to achieve specific goals or objectives.

Customers Served

The number of clients or customers to whom a business has provided products or services.

Revenue

The aggregate sum of funds a company acquires from selling products or offering services over a specific period.