Suppose You Put $500 into a Bank Account Today

question 198

Multiple Choice

Suppose you put $500 into a bank account today.Interest is paid annually and the annual interest rate is 3 percent.The future value of the $500 after 1 year is

• A)$485.44.
• B)$496.50.
• C)$509.28.
• D)$515.00.

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Definitions:

Find Recipient Tool

A feature in email and messaging systems designed to help users quickly locate and select recipients for their messages.

Customize Columns

The process of modifying the column structure in a spreadsheet or database to better fit user needs or data presentation.

Address Block

A section in a document or template for inserting postal addresses, often used in mail merge operations.

Inside Address

The recipient's address typically placed within a letter or written communication, usually positioned below the sender's address.