The Managers of a Pension Fund Invested $5 Million in Government

question 42

Multiple Choice

The managers of a pension fund invested $5 million in government bonds paying 6.83% annual interest, compounded semiannually.After 3 years, what will the investment be worth? Round your answer to
The nearest thousand dollars.

• A)$7.266 million
• B)$6.116 million
• C)$7.116 million
• D)$9.256 million
• E)none of the above

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Unfair Practices Act

Legislation intended to prevent deceptive, fraudulent, or unfair business practices.

Barriers to Entry

Obstacles that prevent new competitors from easily entering an industry or area of business.

Governmental Prohibitions

Regulations or laws imposed by a government to forbid specific activities, products, or services within its jurisdiction.

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Aggressive or forceful strategies used to influence or control outcomes, often in a business or negotiation context.