What is the future value of $450 at an interest rate of 9 percent two years from today?
A)$534.65
B)$546.35
C)$565.18
D)$574.13

Question

Quizplus · Accepted Answer

The future value of $450 at an interest rate of 9 percent two years from today is $534.65. This is calculated using the formula FV = PV * (1 + r)^n, where PV is the present value, r is the interest rate, and n is the number of years. In this case, PV = $450, r = 9%, and n = 2.

What Is the Future Value of $450 at an Interest