If the Current Rate of Interest Is 8%,then the Future

question 63

Multiple Choice

If the current rate of interest is 8%,then the future value 20 years from now of an investment that pays $1000 per year and lasts 20 years is closest to:

• A)$45,762.
• B)$36,725.
• C)$9818.
• D)$93,219.

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Definitions:

Distinct Facial Characteristics

Unique facial features that can be used to identify individuals or sometimes are indicative of genetic conditions or syndromes.

Attracted

The action or power of evoking interest in or liking for someone or something.

Introduced

The act of presenting or bringing something into use, consideration, or play for the first time.

Recognition

The cognitive process of identifying previously encountered objects, ideas, or situations.