Multiple Choice
Which of the following is closest to the future value of an $800,000 deposit earning 2 percent interest annually after 20 years?
A) $1,120,262
B) $1,188,758
C) $1,201,204
D) $1,176,224
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q100: If insurance companies knew how risky their
Q101: The value of a deposit amount X
Q102: Insurance policies can be bought to cover
Q103: In general, the amount people pay for
Q104: Economists have observed that individuals have _
Q106: To compute the present value of a
Q107: What is the foundational principle that allows
Q108: The present value of $500,000 received in
Q109: Risk pooling:<br>A)reallocates the likelihood of catastrophes happening.<br>B)reallocates
Q110: The fee that insurance companies collect in