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

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Definitions:

High-Energy Collisions

Interactions between particles with extremely high kinetic energy, often studied to understand fundamental particles and forces.

Directed Collisions

Intentional interactions between particles, atoms, or molecules, often utilized in experimental physics to study fundamental forces and reactions.

Particle Energy

The energy contained by a particle, contributed by its motion (kinetic), position (potential), or other properties.

Collision Theory

Collision theory explains how chemical reactions occur and why reaction rates differ for different reactions. It posits that for a reaction to occur, reactant particles must collide with sufficient energy and proper orientation.