Scenario: Trinity Deposits $8,000 in a Bank at an Interest

question 123

Multiple Choice

Scenario: Trinity deposits $8,000 in a bank at an interest rate of 8 percent per year compounded annually.
-Refer to the scenario above.What will be the future value of the deposit after 3 years?

• A) $9,822.63
• B) $9,964.21
• C) $10,077.70
• D) $10,220.98

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Definitions:

Direct Foreign Investment

Investment made by a company or individual in one country in business interests in another country, in the form of either establishing business operations or acquiring business assets.

Technological Knowledge

The information and understanding related to the practical application of tools, machines, materials, and processes used to solve problems or invent new products.

World's Income

The total income generated by all individuals and entities across the globe, often used in comparisons of wealth and economic performance between countries.

Real Outputs

Refers to the actual goods and services produced by an economy, as measured without inflation.