The Future Value of $50,000 Invested Today,at the End of 10

question 37

Multiple Choice

The future value of $50,000 invested today,at the end of 10 years assuming an interest rate of 7.5% per year,with semiannual compounding,is

• A) $104,407.60
• B) $103,051.58
• C) $123,510.52
• D) $210,673.43
• E) $105,117.46

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Definitions:

Consumer Satisfaction

Consumer satisfaction measures how products or services provided by a company meet or surpass a customer's expectation.

Necessities

Basic needs or essential items required for living and maintaining a good life.

Chain-Weighted Price Index

Cost-of-living index that accounts for changes in quantities of goods and services.

Quantities

The amount or number of a material or immaterial good considered as a unit or in discrete portions.