Compute the Future Value in Year 10 of a $1,000

question 105

Multiple Choice

Compute the future value in year 10 of a $1,000 deposit in year 1, and another $1,500 deposit at the end of year 4 using an 8 percent interest rate.

• A) $3,120.73
• B) $4,379.31
• C) $4,500.00
• D) $5,397.31

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Definitions:

Organizational Objectives

The specific, measurable goals that an organization aims to achieve to fulfill its mission and advance its strategic plan.

Total Quality Management (TQM)

An organization-wide approach aiming at continuous improvement of all processes, products, services, and culture to achieve long-term success through customer satisfaction.

Productive Workforce

A group of employees that efficiently achieves high levels of output and contributes significantly to the organization's goals.

Joint Performance

The collaborative efforts of two or more parties to achieve a shared objective.