Peter Invests $100,000 in a 3-Year Certificate of Deposit Earning

question 64

Multiple Choice

Peter invests $100,000 in a 3-year certificate of deposit earning 3.5% at his local bank. Which time value concept would be used to determine the maturity value of the certificate?

• A) Present value of one.
• B) Future value of one.
• C) Present value of an annuity due.
• D) Future value of an ordinary annuity.

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Total Quality Management; a comprehensive approach to organizational management that seeks to improve the quality of products and services through ongoing refinements in response to continuous feedback.

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A set of techniques and tools for process improvement that aims to improve the quality of the output of a process by identifying and removing the causes of defects and minimizing variability in manufacturing and business processes.

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Structured educational or training initiatives designed to impart entrepreneurial skills and foster an entrepreneurial mindset among participants.

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Initiatives or projects designed to foster new ideas, technologies, or methods within an organization to enhance its competitiveness and efficiency.