Solved

A One-Time Investment of $200 at a 10% Annual Rate

Question 39

Multiple Choice

A one-time investment of $200 at a 10% Annual Rate of Return yields $242 in two years. The $242 is known as the


A) present value.
B) compound value.
C) principal plus interest.
D) future value.
E) annuity value

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions