Which of the Following Is Not a Reason for Keeping

question 36

Multiple Choice

Which of the following is not a reason for keeping a log of activities?

• A)for future projects
• B)for accounting purposes
• C) to track progress of the project
• D) a place to keep freehand sketches

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Definitions:

Future Value

An estimated future value of a present asset, projected by applying an anticipated growth rate over time.

Present Value

Present value is the current worth of a future sum of money or stream of cash flows given a specified rate of return.

Compounded Quarterly

A method of calculating interest where the interest is added to the principal amount every quarter, leading to interest being earned on interest.

Compounded Semiannually

Refers to the process where interest on a financial product, like a savings account, is calculated and added to the principal amount twice a year.