The Future Value of $100 Received Today and Deposited at 6

question 119

Multiple Choice

The future value of $100 received today and deposited at 6 percent for four years is ________

• A) $ 79
• B) $124
• C) $116
• D) $126

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Definitions:

Profitability

The ability of a business to generate earnings compared to its expenses and other relevant costs, expressed as a percentage or profit margin.

Short-term Notes Payable

Debt obligations that are due to be paid within a year, often used for working capital purposes or to finance short-term liabilities.

Interest Charges

Costs incurred for borrowing money, calculated as a percentage of the principal amount loaned.

Account Payable

An obligation of a company to pay a short-term debt to its creditors or suppliers.