Which of the Following Formulas Represents the Future Value of $500

question 37

Multiple Choice

Which of the following formulas represents the future value of $500 invested at 8% compounded quarterly for five years?

• A) 500(1 + .08)5
• B) 500(1 + .08)20
• C) 500(1 + .02)5
• D) 500(1 + .02)20

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Definitions:

Cognitive-Behavior Therapies

A group of psychotherapies that treat problems by modifying dysfunctional emotions, behaviors, and thoughts.

Third Wave

Describes the third generation of behavioral and cognitive psychotherapies that incorporate mindfulness and acceptance strategies, aiming at greater psychological flexibility.

Standard CBT

Cognitive Behavioral Therapy that follows established protocols to address and modify dysfunctional emotions, behaviors, and thoughts.

Acceptance

The process or act of receiving or acknowledging something as valid, true, or suitable, often used in the context of psychological well-being and social interactions.