What Is the Future Value of $450 at an Interest

question 183

Multiple Choice

What is the future value of $450 at an interest rate of 9 percent two years from today?

• A)$534.65
• B)$546.35
• C)$565.18
• D)$574.13

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Definitions:

Leading Economic Indicator

A statistic about economic activities that helps analysts and policymakers predict future economic trends and business cycles.

Economic Activity

The actions that involve the production, distribution, and consumption of goods and services within an economy.

Aggregate Demand Curve

A graph that shows the relationship between the total quantity of goods and services demanded (from all sectors including household, business, and government) and the price level, all else being equal.

Price Level

A measure of the average of current prices across the entire spectrum of goods and services produced in the economy.