If €4,000 Is Put in a Savings Account Today, What

question 91

Multiple Choice

If €4,000 is put in a savings account today, what amount will be available six years from now?

• A) €4,000 × 1.080 × 6
• B) €4,000 × 1.080 × 1.469
• C) €4,000 × 1.166 × 3
• D) €4,000 × 1.260 × 2
• Items 59 through 61 apply to the appropriate use of present value tables. Given below are the present value factors for £1 discounted at 10% for one to five periods. Each of the items 59 to 61 is based on 10% interest compounded annually.

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Definitions:

Economic State

The current condition of an economy, including factors such as growth rates, unemployment levels, inflation rates, and the overall health of the economic system.

Upward Mobility

The ability or opportunity for individuals or groups to improve their social or economic status.

Most Stratified

Describes societies, systems, or social structures characterized by significant levels of inequality and division into different social strata or classes.

Industrialized Nations

Countries characterized by a high level of industrial development, with a significant portion of the economy based on manufacturing and services.