Calculate the Accumulated Value of $1000

question 137

Multiple Choice

Calculate the accumulated value of $1000.00 at 8% compounded monthly for 12 years.

• A) $2603.39
• B) $1603.39
• C) $2600.39
• D) $2003.39
• E) $603.39

---

Definitions:

Exemption Clause

A contract provision that seeks to limit or exclude one party’s liability for certain breaches or circumstances.

Breach of Condition

A failure to meet a critical term or condition of a contract, which may entitle the injured party to terminate the agreement.

Contract Law

A body of law regulating the agreements entered into between two or more parties that are enforceable by law.

Condition Subsequent

A future event or circumstance that, upon occurring, will terminate obligations under a contract or legal agreement.