What Is the Future Value (FV)of $72,000 in 25 Years,assuming

question 54

Multiple Choice

What is the future value (FV) of $72,000 in 25 years,assuming the interest rate is 5.5% per year?

• A)$1.9 million
• B)$274,564
• C)$171,000
• D)$1.8 million
• E)$144,000

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Definitions:

Empathic Parenting

A parenting approach that involves understanding and sharing the feelings of one's child, aiming to meet their emotional needs effectively.

Prosocial Behavior

Actions intended to benefit others, including helping, sharing, and comforting.

Postconventional Level

Refers to the highest stage in Kohlberg's theory of moral development, where moral reasoning is based on personal principles and societal rules.

Moral Development

The process by which individuals develop the ability to distinguish right from wrong, make ethical decisions, and act in accordance with societal norms and personal principles.