What Is the Future Value of $121,307 Invested Today in an Account

question 111

Multiple Choice

What is the future value of $121,307 invested today in an account that earns a 7.5% annual rate in 40 years?

• A)$1,456,876
• B)$457,987
• C)$2,188,893
• D)$1,545,420

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Definitions:

Prospective Study

A research design that follows participants forward in time to examine the relationship between specific exposures and outcomes.

Clinical Trial

A research design that tests the effects of medical treatment. Many clinical trials are randomized controlled trials that allow researchers to determine whether a new treatment is or is not effective.

Ex Post Facto Study

A research design that examines the effects of an independent variable on a dependent variable, where the study is conducted after the events have occurred.

Independent Variable

In research, a variable that is manipulated or changed to observe its effect on a dependent variable.