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

question 5

Multiple Choice

What is the future value (FV) of $50,000 in thirty years, assuming the interest rate is 6% per year?

• A) $32,500.00
• B) $244,098.38
• C) $258,457.10
• D) $287,174.56

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Definitions:

Unpredictable

Not able to be predicted or foreseen, indicating randomness or lack of a discernible pattern in behavior or events.

Logical

Pertaining to the use of reason or logic.

Other-race Effect

The inclination to more readily identify facial features of the race with which one is most acquainted, usually being their own.

Ingroup Bias

The tendency to favor and extend loyalty to members of one's own group over those from other groups.