The future value in one year of $1,000, given a 5 percent interest rate, is $950.

Name: The future value in one year of $1,000, given a 5 percent interest rate, is $950.
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The formula for calculating future value is FV = PV x (1 + i), where FV is the future value, PV is the present value, and i is the interest rate. Using this formula, we can determine that the future value of $1,000 with a 5% interest rate in one year is $1,050, not $950. Therefore, the statement is false.

The Future Value in One Year of $1,000, Given a 5