Use This Information to Answer the Following Question A Single Deposit of $3,500 Made at the Beginning of

question 120

Multiple Choice

Use this information to answer the following question. $\begin{array}{|c|c|c|}\hline \text { Periods } & \text { Future Value of } \$ 1 \text { at } 12 \text { Percent } & \begin{array}{c}\text { Future Value of Ordinary Annuity of } \$ 1 \\\text { at } 12 \text { Percent }\end{array} \\\hline 1 & 1.120 & 1.000 \\\hline 2 & 1.254 & 2.120 \\\hline 3 & 1.405 & 3.374 \\\hline\end{array}$ A single deposit of $3,500 made at the beginning of period 1 would grow to how much at the end of three years?

• A) $3,920.00
• B) $4,917.50
• C) $4,389.00
• D) $11,809.00

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Definitions:

Zoetrope

A motion toy consisting of a bowl-like apparatus with slots for viewers to peer through.

Daguerreotype

An early photographic process developed by Louis Daguerre in the 1830s, producing a silver image on a polished copper plate.

Latham Loop

In early projection systems, a set of sprockets that looped the film stock to keep it from breaking as a result of its own inertia.

Vitascope

The Vitascope is an early film projector first demonstrated in 1895, which played an important role in the commercialization of cinema by allowing longer films to be shown to larger audiences.