Future Value Given an 8 Percent Interest Rate,compute the Year

question 21

Multiple Choice

Future Value Given an 8 percent interest rate,compute the year 7 future value if deposits of $1,500 and $2,500 are made in years 2 and 3,respectively,and a withdrawal of $2,000 is made in year 5.

• A)$1,909.42
• B)$3,272.41
• C)$3,433.60
• D)$5,656.34

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Definitions:

Wetlands

Areas of land where saturation with water is the dominant factor determining the nature of soil development and the types of plant and animal communities living in the soil and on its surface.

Clean Water Act

A United States federal law that regulates the discharge of pollutants into the nation's surface waters, including lakes, rivers, streams, and coastal areas.

Economic Benefits

Financial gains or advantages received as a result of specific actions, investments, or decisions.

Noncompliance

Failure or refusal to act in accordance with a law, regulation, or set of standards.