The Future Value Two Years from Today of $1000 Received

question 52

Multiple Choice

The future value two years from today of $1000 received today is:

• A)$1000(1 + 2r).
• B)$1000(1 - 2r).
• C)$1000(1 + r)².
• D)$1000.

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Definitions:

Labour Hour

The measure of labor input, quantified by the amount of time (in hours) an employee works.

Multifactor Productivity

A measurement of economic performance that compares the amount of goods and services produced to the inputs used to produce them, including labor, materials, and capital.

Quality Complaints

Feedback from customers or users highlighting defects or issues with a product's quality.

Productivity

The measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.