Which of the Following Is Closest to the Future Value

question 105

Multiple Choice

Which of the following is closest to the future value of an $800,000 deposit earning 2 percent interest annually after 20 years?

• A)$1,120,262
• B)$1,188,758
• C)$1,201,204
• D)$1,176,224

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Definitions:

Account Representation

The process or act of managing customer accounts by a designated sales or service representative within an organization.

Detail Selling

A sales strategy focusing on the specific features and benefits of a product or service to persuade potential customers.

Business System

An organized set of procedures, processes, and methods that a company uses to conduct business and achieve its objectives.

Equitable Value

The fair and unbiased assessment of the worth of goods, services, or properties, considering all relevant factors to ensure fairness to all parties involved.