What's the Future Value of $1, 200 After 5 Years

question 81

Multiple Choice

What's the future value of $1, 200 after 5 years if the appropriate interest rate is 6%, compounded monthly?

• A) $1, 537.69
• B) $1, 618.62
• C) $1, 699.55
• D) $1, 784.53
• E) $1, 873.76

Understand the biological and environmental factors influencing circadian rhythms.

Analyze the relationship between sleep and memory formation.

Understand the basics of bankruptcy proceedings including the different chapters involved (7, 11, 13).

Identify the roles and responsibilities of key participants in a bankruptcy case (debtor, creditors, bankruptcy trustee).

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Definitions:

Constant of Proportionality

The fixed value that relates two proportional quantities.

Directly Proportional

A relationship between two variables wherein they increase or decrease at the same ratio.

Fifth Power

Raising a number or expression to the exponent of five, multiplying it by itself four times.

Hooke's Law

A principle of physics that states the force needed to extend or compress a spring by some distance is proportional to that distance.