Calculate the Amount of Interest You'll Have at the End

question 124

Multiple Choice

Calculate the amount of interest you'll have at the end of the indicated period.
-You invest $10,000 in an account that pays simple interest of 2% for 14 years.

• A)$200.00
• B)$1905.46
• C)$2800.00
• D)$1003.29

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Definitions:

Supply Chain Management

The active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage, encompassing everything from production to product delivery.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Pull Strategy

A supply chain strategy in which customer orders drive manufacturing and distribution operations.

Transportation Management

The process of planning, executing, and optimizing the movement of goods and materials from their point of origin to their final destination.