Find the Value of $1,000 Left on Deposit for 13

question 132

Multiple Choice

Find the value of $1,000 left on deposit for 13 years at an annual rate of 7%, compounded quarterly.

• A)$2,466.25
• B)$2,473.85
• C)$2,639.38
• D)$2,466.85
• E)$2,464.85

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Definitions:

Margin Of Safety

The difference between actual or expected sales and the breakeven sales, indicating how much sales can decrease before a company incurs a loss.

Volume Of Sales

The total number of goods or services sold within a specific time frame, measuring the output of a business' activities.

Break-even Point

The break-even point is the level of production or sales at which a business's total revenues equal its total expenses, resulting in no net profit or loss.

Break-even Point

The point at which total revenues equal total costs, and the business makes neither a profit nor a loss.