What Is the Future Value (FV)of $10 000 in Eight

question 103

Multiple Choice

What is the future value (FV) of $10 000 in eight years, assuming the interest rate is 10% per year?

• A)$16 212.78
• B)$18 756.22
• C)$21 435.89
• D)$18 000.00

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Definitions:

Augmented Reality

A technology that superimposes computer-generated images on a user's view of the real world, providing a composite view that augments the real environment.

Virtual Reality

A simulated experience created with computer technology, which can replicate an environment or simulate a presence in real or imagined worlds.

Mainframes

High-performance computers used primarily by large organizations for bulk data processing, such as census, industry and consumer statistics, ERP, and financial transaction processing.

Big Data

A collection of data so large and complex that it is difficult to manage using traditional database management systems.