What Would the Future Value of $125 Be After 8

question 46

Multiple Choice

What would the future value of $125 be after 8 years at 8.5% compound interest?

• A)$205.83
• B)$216.67
• C)$228.07
• D)$240.08

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Definitions:

Leased

A contractual arrangement where an owner of a property allows another party to use the property for a specified time in exchange for periodic payments.

Ownership

The legal right or title to possess, use, control, and dispose of an asset, property, or resource, recognized by law.

Purchasing

The process of sourcing and acquiring goods and services needed by an organization or individual.

Valid Gift

A legal principle referring to a voluntarily transfer of property or a right from one individual to another, without any consideration or payment.