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:

Materially Alter

In contract law, it refers to a change that significantly affects the rights or obligations of the parties involved.

Acceptance

The act of agreeing to the terms of an offer, forming the basis of a contract.

Offer

A proposal presented by one party to another with the intention of entering into a legally binding agreement.

Notification

The act or process of officially informing someone about something.