The Future Value of $500 Saved for Two Years at an Interest

question 30

Multiple Choice

The future value of $500 saved for two years at an interest rate of 5% is

• A)$550.25.
• B)$550.00.
• C)$551.25.
• D)None of the above are correct.

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Definitions:

Asian Markets

Financial markets located in Asia, involving the trading of securities, such as stocks and bonds, in countries like Japan, China, India, and South Korea.

Fruit Growing

The cultivation of fruit trees and bushes as part of agriculture, either for personal use or commercial purposes.

Campaign

Organized efforts to achieve a specific goal, often used in contexts such as marketing, political movements, or social awareness initiatives.