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

question 79

Multiple Choice

Which of the following formulae 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:

Control Groups

Groups in experimental research that do not receive the experimental treatment and are used as a benchmark to measure how the other tested subjects do.

Placebo Effects

Positive changes in health perceived after taking a treatment with no therapeutic effect, attributed to the individual's belief in the treatment's efficacy.

Certification

Official recognition or guarantee that a person has passed an examination or achieved a certain standard of knowledge or skill.

Personal Warmth

The characteristic of an individual that reflects friendliness, kindness, and affection towards others.