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

question 17

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 $1.00 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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The clandestine collection of trade secrets or proprietary information about a company’s competitors.

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The practice of marketing products or services across international borders, adapting strategies to different cultural and regional preferences.

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A tax imposed on imported or exported goods, often used to regulate trade and protect domestic industries.