One Year Future Value What Is the Future Value of $700

question 60

Multiple Choice

One Year Future Value What is the future value of $700 deposited for one year earning 4 percent interest rate annually?

• A)$28
• B)$700
• C)$728
• D)$1,428

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Definitions:

Operating Income

Income generated from regular business operations, excluding expenses such as taxes and interest payments.

Selected Accounts

Specific financial accounts chosen for review or analysis due to their relevance or importance in a particular context.

Federal Income Taxes

Taxes levied by the U.S. government on the annual earnings of individuals, corporations, trusts, and other legal entities.

Bonds Issued

Debt securities sold by corporations and government agencies to investors to raise funds for various purposes, promising to pay back the principal amount along with interest on specific dates.