What Is the Future Value of $375 at an Interest

question 91

Multiple Choice

What is the future value of $375 at an interest rate of 3 percent one year from today?

• A)$371.75
• B)$386.25
• C)$393.33
• D)None of the above are correct to the nearest cent.

---

Definitions:

Predominantly

Mainly or for the most part; indicates that something is the majority or the most common.

Inner-city

Typically refers to the areas near the center of a large city, which may deal with issues related to economic, social, and infrastructural challenges.

Healthcare Providers

Professionals or organizations that offer services related to the maintenance or improvement of health, including doctors, nurses, and hospitals.

Hurricane Katrina

A devastating Category 5 hurricane that struck the Gulf Coast of the United States in August 2005, causing significant loss of life and property, particularly in New Orleans.