Find the Future Value

question 63

Multiple Choice

Find the future value.
-$5789 invested for 9 years at 5% compounded quarterly

• A) $9070.48
• B) $8980.64
• C) $9053.67
• D) $9028.86

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Definitions:

Total Cost

The aggregate of fixed and variable costs of production for a given level of output, encompassing all expenses needed to produce goods or services.

Produce

To create or manufacture goods and services for consumption using labor, materials, and machinery.

Diminishing Returns

Diminishing returns, a concept in economics, occurs when adding an additional factor of production results in a lower increment of output, assuming other factors are constant.

Total Cost

The entire expense of production, incorporating both consistent and fluctuating costs.