Refer to the table representing Darcy's bank account. If she deposited $1,000 into her account at the beginning of year 1 and made no further deposits or withdrawals, the $1,191 value at the end of year 3 represents the
A)discounted value of the $1,000 deposit made at the beginning of year 1.
B)present value of the $1,000 deposit made at the beginning of year 1.
C)future value of the $1,000 deposit made at the beginning of year 1.
D)present value of the interest earned over the three-year period.

Question

Refer to the table representing Darcy's bank account. If she deposited $1,000 into her account at the beginning of year 1 and made no further deposits or withdrawals, the $1,191 value at the end of year 3 represents the
A)discounted value of the $1,000 deposit made at the beginning of year 1. 
B)present value of the $1,000 deposit made at the beginning of year 1. 
C)future value of the $1,000 deposit made at the beginning of year 1. 
D)present value of the interest earned over the three-year period.

Quizplus · Accepted Answer

The Answer of  Refer to the table representing Darcy's bank account. If she deposited $1,000 into her account at the beginning of year 1 and made no further deposits or withdrawals, the $1,191 value at the end of year 3 represents the
A)discounted value of the $1,000 deposit made at the beginning of year 1. 
B)present value of the $1,000 deposit made at the beginning of year 1. 
C)future value of the $1,000 deposit made at the beginning of year 1. 
D)present value of the interest earned over the three-year period.

Refer to the Table Representing Darcy's Bank Account