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.

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Definitions:

Grace Period

A set period after a payment due date during which a late fee or other penalty for late payment is waived.

Unsolicited Card

A credit or debit card sent to individuals without their request, which has been largely prohibited by certain regulations.

Stolen

Taken without permission or legal right and without intending to return it.

Deceptive Claim

A false or misleading statement made about a product or service, often used in advertising or sales to induce consumers to buy.