Refer to the Table Representing Darcy's Bank Account

Multiple Choice

Refer to the table representing Darcy's bank account. If she deposited $1,000 into her account at the beginning of year 1 and made no further deposits or withdrawals, the $1,191 value at the end of year 3 represents the

A) discounted value of the $1,000 deposit made at the beginning of year 1.
B) present value of the $1,000 deposit made at the beginning of year 1.
C) future value of the $1,000 deposit made at the beginning of year 1.
D) present value of the interest earned over the three-year period.