If You Put $2000 in a Saving Account That Earns

question 30

Multiple Choice

If you put $2000 in a saving account that earns 3% interest per year,what is the formula you should use to determine the account's future value in one year?

• A) Future value = $2000 × 0.03.
• B) Future value = $2000 / 0.03.
• C) Future value = $2000 / (1 + 0.03).
• D) Future value = $2000 × (1 + 0.03).

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Definitions:

Global Subsidiaries

Companies that are owned or controlled by a parent company but operate in different countries, adapting to local markets while aligning with global strategies.

Network Structure

A framework that outlines how different nodes or points in a network are connected and communicate with each other.

Rigid Hierarchies

Organizational structures with strictly defined roles and ranks, limiting flexibility and often hindering rapid decision-making.

Collaboration

The process of two or more people or organizations working together to complete a task or achieve a goal.