Future Value: Carlos Lopes Is Looking to Invest for the Next

question 13

Multiple Choice

Future value: Carlos Lopes is looking to invest for the next three years. He is looking to invest $7,500 today in a bank CD that will earn interest at 5.75 percent annually. How much will he have at the end of three years? (Round to the nearest dollar.)

• A) $8,870
• B) $8,000
• C) $8,681
• D) None of the above

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Definitions:

Supergroup

In the context of biology, a high-level taxonomic category above the level of kingdom, used to classify life in a broad scale; or, in other contexts, a term for a highly successful musical collaboration.

Archaeplastida

A major group of eukaryotic organisms that includes red algae, green algae, and land plants, characterized by the presence of plastids with chlorophyll.

Caffeine Consumption

the intake of caffeine, a stimulant drug found in various beverages and foods, which can affect the central nervous system.

Exam Performance

A measurement of how well a person performs on academic tests or examinations.