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:

Fractions

A way of representing parts of a whole or a division of quantities.

Linear Equations

Equations that graph as straight lines and can be written in the form Ax + By = C, where A, B, and C are constants.

Method Of Elimination

A technique for solving a system of linear equations by removing variables to solve for another.

Grey Line

A phenomenon in radio communications where enhanced propagation conditions occur at dawn and dusk along the terminator line.