What's the Future Value of $1,500 After 5 Years If

question 66

Multiple Choice

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

• A) $1,819
• B) $2,020
• C) $2,016
• D) $2,117

---

Definitions:

Accuracy

The degree to which the result of a measurement, calculation, or specification conforms to the correct value or a standard.

Insurance Policy Number

A unique identifier assigned to each policyholder by the insurance company, used for identification and billing purposes.

Financial Information

Data concerning a person's or organization's monetary transactions, assets, liabilities, revenue, expenses, and financial performance.

Immunization Record

A documentation of all the vaccines a person has received, serving as a health record to track immunization status.