Future Value: Wes Ottey Would Like to Buy a Condo

question 22

Multiple Choice

Future value: Wes Ottey would like to buy a condo in Florida in six years. He is looking to invest $75,000 today in a stock that is expected to earn a return of 18.3 percent annually. How much will he have at the end of six years? (Round to the nearest dollar.)

• A) $205,575
• B) $157,350
• C) $184,681
• D) None of the above

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Definitions:

Conservative Agenda

Refers to political goals that emphasize traditional values, limited government, and free market principles.

Welfare State

A term that originated in Britain during World War II to refer to a system of income assistance, health coverage, and social services for all citizens.

Vietnamization

A policy of the Richard Nixon administration during the Vietnam War to end U.S. involvement in the war by expanding, equipping, and training South Vietnamese forces to take over combat roles.

South Vietnamese Troops

Armed forces of the Republic of Vietnam (South Vietnam), which fought against the North Vietnamese Army and Viet Cong during the Vietnam War.