What Is the Future Value (FV)of $60 000 in Five

question 80

Multiple Choice

What is the future value (FV) of $60 000 in five years, assuming the interest rate is 5% per year?

• A)$75 000.00
• B)$76 576.89
• C)$62 500.00
• D)$72 674.86

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Definitions:

Communities

Groups of people living together in a specific location or having a particular characteristic in common, bound by a sense of belonging or mutual support.

Differential Susceptibility

The concept that individuals can vary in their responsiveness to environmental influences, for better or for worse, depending on their genetic makeup or developmental history.

Healthy Development

The progress of physical, mental, emotional, and social growth and change that is considered within normal ranges for age and stage.

Self-Concept

An individual's perception of themselves, encompassing beliefs, feelings, and thoughts about one's identity and abilities.