What Is the Future Value of $500 One Year from Today

question 137

Multiple Choice

What is the future value of $500 one year from today if the interest rate is 6 percent?

• A)$515
• B)$520
• C)$530
• D)None of the above is correct.

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Definitions:

Forebrain

The anterior part of the brain, including the cerebral hemispheres, responsible for complex behaviors and cognitive functions.

Cerebellum

A part of the brain located at the back of the skull, responsible for coordinating voluntary movements and maintaining balance and posture.

Reticular Formation

The reticular formation is a network of neurons located in the brainstem that is responsible for regulating wakefulness and sleep-wake transitions.

Corpus Callosum

The thick bundle of fibers connecting the cerebral hemispheres.