Choose the One Alternative That Best Completes the Statement or Answers

question 108

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-How much money needs to be invested now to get $2000 after 4 years at 8% compounded quarterly? Express your answer to the nearest dollar.

• A) $2746
• B) $1848
• C) $1457
• D) $584

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Definitions:

Cost of Goods Sold

The immediate costs involved in making the products that a company sells, comprising both materials and labor.

Net Sales

The revenue generated from sales after deducting returns, allowances for damaged or missing goods, and discounts.

Liquidity Ratio

A financial metric used to determine a company's ability to pay off its short-term debts obligations with its liquid assets.

Maturing Obligations

Debts or other obligations that are nearing their due date for payment or completion.