If the Interest Rate Is 5% Per Year and You

question 31

Multiple Choice

If the interest rate is 5% per year and you put $100 into a savings account for 5 years, what is the future value of today's $100?

• A)$3,125.00
• B)$127.63
• C)$105.00
• D)$78.35

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Definitions:

Management Functions

Refer to the planning, organizing, leading, and controlling activities aimed at achieving organizational goals effectively and efficiently.

Order And Consistency

The principle of maintaining a structured and predictable environment or process.

Creative Vision

involves the ability to imagine future possibilities and innovations that do not currently exist, guiding strategic direction and inspiring others.

Reward Power

The ability of a person to influence others by offering or withholding rewards.