Compute the Future Value in Year 12 of a $2,000

question 127

Multiple Choice

Compute the future value in year 12 of a $2,000 deposit in year 3 and another $4,000 deposit at the end of year 5 using a 10 percent interest rate.

• A) $12,510.77
• B) $12,909.81
• C) $13,406.73
• D) $15,007.52

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Definitions:

Monozygotic Twins

Twins that develop from a single fertilized egg, sharing identical genetic material.

Identical Twins

Twins that originate from a single fertilized egg, splitting and developing into two genetically identical individuals.

Allele

A member of a pair of genes.

Homozygous Trait

A genetic condition where an individual inherits identical alleles for a particular gene from both parents.