The Annual Revenue Earned by Wal-Mart in the Fiscal Years

question 17

Multiple Choice

The annual revenue earned by Wal-Mart in the fiscal years ending January 31, 1994 to January 31, 2003 can be approximated by billion dollars per year where is time in years represents January 31, 2000) . Suppose that, from January 1999 on, Wal-Mart invested its revenue in an investment that depreciated continuously at a rate of 4% per year. What, to the nearest $10 billion, would the total value of Wal-Mart s revenues have been by the end of January 2003?

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Definitions:

Capital Market Securities

Financial instruments such as stocks and bonds that are traded in capital markets and represent long-term funding sources for corporations and governments.

Money Markets

Markets where short-term financial instruments and securities are traded, facilitating the lending and borrowing of funds with maturities of one year or less.

Securities Dealers

Financial professionals who buy and sell securities on behalf of their clients, and sometimes for their own accounts.

Stock Brokers

Professionals who act as intermediaries between investors and the stock market, facilitating the buy and sell transactions of stocks on behalf of their clients.