The Future Value of $200 That Is Left in Account

question 26

Multiple Choice

The future value of $200 that is left in account earning 6.5% interest for three years is best expressed by which of the following?

• A) $200(1.065) × 3
• B) $200(1.065)/3
• C) $200(1.065)ⁿ
• D) $200(1.065)³

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Definitions:

Labor Markets

The supply and demand for labor, where employers seek to hire workers, and individuals look for employment.

Compensating Differential

The difference in wages that arises to compensate workers for the non-monetary aspects of different jobs, like risk levels, working conditions, or job location.

Malpractice Insurance

A type of professional liability insurance purchased by healthcare professionals to cover the cost of being sued for malpractice.

Labor Markets

Markets where labor services are exchanged for wages; involves the interaction of employers (demand for labor) and workers (supply of labor).