What Is the Future Value (FV) of $20,000 in Four

question 93

Multiple Choice

What is the future value (FV) of $20,000 in four years, assuming the interest rate is 4% per year?

• A) $15,208.16
• B) $19,887.59
• C) $23,397.17
• D) $25,736.89

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Definitions:

Larger Cost Centre

An organizational unit or function within a business responsible for managing significant cost allocations for monitoring and optimizing resource usage.

AASB 6/IFRS 6 Disclosure

Requirements related to the exploration for and evaluation of mineral resources, detailing financial reporting standards for these activities.

E&E Assets

Exploration and Evaluation Assets, specific to the extractive industries, representing capital expenditures on the exploration and evaluation of mineral resources.

Pre-exploration Costs

Expenses incurred before the actual exploration activity begins, such as for initial research or permitting.