Aaron wants to put $200 per month into an individual retirement account at 15% for four years. What is he solving for using his financial calculator?
A) Present value
B) Future value
C) Interest rate
D) Payment

Question

Quizplus · Accepted Answer

Aaron is solving for the future value of his investment, which is the amount his $200 monthly contributions will grow to at a 15% interest rate over four years.

Aaron Wants to Put $200 Per Month into an Individual