At the End of Two Years, What Will Be the Balance

question 74

Multiple Choice

At the end of two years, what will be the balance in a savings account paying 6% annually if $5,000 is deposited today? The future value of one at 6% for one period is 1.06.

• A)$5,000
• B)$5,300
• C)$5,600
• D)$5,618

Describe video résumés and guidelines for creating compelling visual content.

Understand the concept of motivation and its role in consumer behavior.

Differentiate between the types of needs (biogenic, psychogenic, utilitarian, hedonic) and their implications for marketing.

Identify and explain different theories of motivation (e.g., drive theory, expectancy theory).

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Definitions:

Book Income

A company's income as reported in its financial statements, representing the difference between revenues and expenses.

Income Tax Rate

The portion of a person's or company's earnings that is handed over to the state in the form of taxes.

Deferred Income Tax Liability

A tax obligation that a company owes but has not yet paid, resulting from temporary timing differences between its accounting earnings and its taxable income.

Potential Benefit

The future gain or return that may be obtained as a result of an investment or action.