4.

value: 10.00 points

Required information

The variables in a future value of a lump sum problem include all of the following, except:

Future Value

Time period

Annuity Payments

Interest rate

5.

value: 10.00 points

Required information

The variable that you are solving for in a future value of a lump sum problem is:

Future value

Present value

Time period

Interest rate

Payments

6.

value: 10.00 points

Required information

What is the future value of $1,200 invested for 20 years at a rate of 6%?

$1,200

$1,440

$1,849

$3,079

$3,849