John Says That the Future Value of $250 Saved for One

question 99

Multiple Choice

John says that the future value of $250 saved for one year at 6 percent is less than the future value of $250 saved for two years at 3 percent.George says that the present value of a $250 payment in one year when the interest rate is 6 percent is less than the value of a $250 payment in two years when the interest rate is 3 percent.

• A)John and George are both correct.
• B)John and George are both incorrect.
• C)Only John is correct.
• D)Only George is correct.

---

Definitions:

Sales Message

A key communication or statement designed to persuade potential buyers of the value and benefits of a product or service.

Strategies

Plans of action or policies designed to achieve a major or overall aim.

Ethical Aspects

Considerations concerning moral principles or issues of right and wrong behavior in a given context.

Legal Aspects

Components concerning laws, regulations, and legal interpretation relevant to a particular situation or subject matter.