The Future Value of $100 Received Today and Deposited in an Account

question 110

Multiple Choice

The future value of $100 received today and deposited in an account for four years paying semiannual interest of 6 percent is

• A) $450.
• B) $126.
• C) $889.
• D) $134.

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Definitions:

Electronically Managed

Refers to systems or processes controlled or regulated by electronic devices and software rather than manual or mechanical means.

Gasoline Fueled

Powered by gasoline, a petroleum-derived liquid that is used primarily as fuel in internal combustion engines.

Converter Dolly

A wheeled assembly equipped with a towing device that allows trailers to be coupled together into road trains, enhancing cargo transportation efficiency.

Semi-Trailer

A trailer without a front axle, designed to be towed by a road tractor, where a significant portion of its weight and that of its load is borne by the tractor.