What Is the Future Value (FV) of $50,000 in Thirty

question 27

Multiple Choice

What is the future value (FV) of $50,000 in thirty years, assuming the interest rate is 12% per year?

• A) $32,500.00
• B) $1,273,296.69
• C) $1,348,196.50
• D) $1,497,996.11

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Definitions:

Research Methods

The various strategies, techniques, and tools used by scientists to gather and analyze data.

Scientific Approach

A method of research whereby a problem is identified, relevant data is gathered, a hypothesis is formulated, and the hypothesis is empirically tested.

Precision

The quality of being exact, accurate, and careful about details.

Intolerance Of Error

A psychological state or organizational culture where mistakes are not tolerated, leading to high stress and potential stifling of creativity or learning.