Items 69 Through 72 Apply to the Appropriate Use of Present

question 45

Multiple Choice

Items 69 through 72 apply to the appropriate use of present value tables. Given below are the present value factors for $1.00 discounted at 10% for one to five periods. Each of the items 69 to 72 is based on 10% interest compounded annually.

-If an individual deposits $8,000 in a savings account today, what amount of cash would be available two years from today?

• A) $8,000 × 0.826
• B) $8,000 × 0.826 × 2
• C) $8,000 ÷ 0.826
• D) $8,000 ÷ 0.909 × 2

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Refers to countries or regions possessing significant amounts of valuable natural resources, such as minerals, oil, or fertile land, which can contribute to their economic growth and development.

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Describes production processes or industries that require a large amount of land to produce goods or services, compared to labor or capital.

Petroleum Exports

The selling and shipment of petroleum products from one country to another.

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These refer to the acquisition of crude oil or refined petroleum products from foreign countries.