The Future Value of $100 Compounded Semiannually for 3 Years

question 65

True/False

The future value of $100 compounded semiannually for 3 years at 12% equals $140.49. (^{PV of $1}, ^{FV of $1}, ^{PVA of $1}, and ^{FVA of $1}) (Use appropriate factor(s) from the tables provided.)

---

Definitions:

Northwest Ordinance

An act of the Congress of the Confederation of the United States passed in 1787 to create a structured settlement of the Northwest Territory and establish a precedent for the admission of future states.

Competitive Elections

Electoral contests where multiple candidates or parties have a realistic chance of winning, allowing for genuine political competition.

Political Participation

The ways in which individuals engage in activities aimed at influencing government policy or decision making.

Democratic Republic

A form of government where ultimate authority and power rests with the people, and the government is run through elected representatives.