If the Interest Rate Is 4%,in Which of the Following

question 176

Multiple Choice

If the interest rate is 4%,in which of the following cases is the future value the largest?

• A)An initial value of $1,000 deposited for 5 years.
• B)An initial value of $950 deposited for 6 years.
• C)An initial value of $900 deposited for 7 years.
• D)An initial value of $850 deposited for 8 years.

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Definitions:

Exhibits

Documents or objects presented during a trial or hearing as evidence.

Paralegal

A paralegal is a trained legal professional who assists attorneys in researching, preparing, and managing legal documents and cases but is not licensed to practice law.

Civil Matters

Issues and disputes that involve private rights and relationships between individuals or organizations, not involving criminal proceedings.

Jurors

Members of a trial or grand jury who are selected to examine the evidence in a legal case and make a decision or verdict.