What Is the Future Value (FV)of $100 in 30 Years,assuming

question 92

Multiple Choice

What is the future value (FV) of $100 in 30 years,assuming the interest rate is 8% per year?

• A)$102
• B)$3,240
• C)$1,800
• D)$1,006
• E)$1,080

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Definitions:

Expression

A combination of symbols that represent a quantity or formula, which can include numbers, variables, and operation symbols.

Solve

To find the value(s) of variable(s) that satisfy an equation, inequality, system of equations, or other mathematical conditions.

Expression

A combination of symbols and operators in mathematics that represents a value.

Radical Equation

An equation in which the unknown variable appears under a radical sign, requiring specific methods to isolate and solve.