What Is the Approximate Forecast for July Using a 4-Month

question 64

Multiple Choice

What is the approximate forecast for July using a 4-month moving average?
$$\begin{array} { c c c c c c } \text { Jan. } & \text { Feb. } & \text { Mar. } & \text { April } & \text { May } & \text { June } \\49 & 46 & 50 & 52 & 58 & 56\end{array}$$

• A) 54
• B) 48
• C) 57
• D) 52

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Definitions:

Present Value

The current value of a future amount of money or stream of cash flows given a specified rate of return.

Compound Interest

This approach to interest calculation includes both the initial principal amount and the compounded interest from earlier stages of a deposit or borrowing.

Bonds Payable

Long-term liabilities representing money a company must pay back to bondholders, typically including principal and interest.

Semiannual Interest

Interest that is calculated and paid twice a year on an investment or loan.