Future Value Compute the Future Value in Year 10 of a $1,000

question 144

Multiple Choice

Future Value Compute the future value in year 10 of a $1,000 deposit in year 1 and another $1,500 deposit at the end of year 4 using an 8 percent interest rate.

• A)$3,120.73
• B)$4,379.31
• C)$4,500.00
• D)$5,397.31

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Definitions:

Illegal Immigrants

Individuals who enter or reside in a country without the legal permission of that country’s government.

Low-skilled Labor

Workers with minimal specialized skills, training, or education who are typically employed in jobs that require basic tasks.

Illegal Immigrants

People who enter or reside in a country without the proper authorization or documentation required by immigration laws.

Compensating Wage

Additional pay or benefits provided to employees to offset unpleasant aspects of a job or workplace demands.