If Sandy Has $7,000 Today and Invests It for Five

question 110

Multiple Choice

If Sandy has $7,000 today and invests it for five years at a 5% interest rate, how much will she have in five years?

• A) $8,750
• B) $7,850
• C) $8,932
• D) $8,857

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Definitions:

Billable Hour

A measure representing an hour of work that can be charged to a client, commonly used in legal, consulting, and professional services.

Value Chain

A model that describes the full range of activities needed to create a product or service, from conception to delivery and beyond.

Human Resource

The department within an organization that deals with the recruitment, management, and direction of people who work in the organization.

Service Shop

A business that provides specialized professional or technical services, often involving repair or maintenance.