Refer to the table representing Darcy's bank account. If she deposited $2,500 into her account at the beginning of year 1 and made no further deposits or withdrawals, the $3,149 value at the end of year 3 represents the
A) discounted value of the $2,500 deposit made at the beginning of year 1.
B) present value of the $2,500 deposit made at the beginning of year 1.
C) future value of the $2,500 deposit made at the beginning of year 1.
D) present value of the interest earned over the three-year period.
Correct Answer:
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