Which of the Following Has the Highest Future Value

question 161

Multiple Choice

Which of the following has the highest future value?

• A)$100 saved for 2 years at 10 percent interest
• B)$110 saved for 2 years at 9 percent interest
• C)$120 saved for 2 years at 8 percent interest
• D)$130 saved for 2 years at 7 percent interest

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Definitions:

Psychology

The investigation into the human psyche and its operations, particularly those influencing conduct within specific scenarios.

Observable

Capable of being seen, noticed, or measured directly.

Mental Processes

The internal, covert activities of our minds, such as thinking, feeling, and problem-solving.

Structuralism

A methodology in psychology that examines the fundamental components of thoughts and sensations in order to comprehend the mind's structure.