What Is the Future Value of $1,500 After 5 Years

question 112

Multiple Choice

What is the future value of $1,500 after 5 years if the annual return is 6%, compounded semiannually?

• A) $1,819
• B) $1,915
• C) $2,016
• D) $2,117

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Definitions:

Successor

A person or entity that follows and takes over a position, role, or office from another, often in a planned and designated manner.

Groomed

Prepared or trained for a specific purpose, often with care and attention to detail.

Ready

Prepared or in a suitable state for an activity, action, or situation.

Developmental Assignments

Tasks or roles assigned to employees with the purpose of enhancing their knowledge, skills, and experiences for career advancement.