Future Value: You Are Interested in Investing $10,000, a Gift

question 38

Multiple Choice

Future value: You are interested in investing $10,000, a gift from your grandparents, for the next four years in a mutual fund that will earn an annual return of 8 percent. What will your investment be worth at the end of four years? (Round to the nearest dollar.)

• A) $10,800
• B) $13,605
• C) $13,200
• D) None of the above

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Definitions:

Assassinated

refers to the act of deliberately killing someone, especially a prominent or public figure, for political or ideological reasons.

Eidetic Imagery

The ability to recall images, sounds, or objects in memory with high precision for a few minutes without using mnemonics; often referred to as photographic memory.

Analogy

An examination of the similarities or differences between two items, usually to explain or make something clearer.

Photograph

An image created by light falling on a photosensitive surface, usually photographic film or an electronic sensor, capturing a visual moment.