The Future Value of $200 That Is Left in Account

question 70

Multiple Choice

The future value of $200 that is left in account earning 6.5% interest for three years is best expressed by which of the following?

• A)$200(1.065) × 3
• B)$200(1.065)/3
• C)$200(1.065)n
• D)$200(1.065)3

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Definitions:

Supply Management

The process of managing and optimizing the sourcing, procurement, and logistical activities required to obtain products, services, and materials needed by a company.

Organizational Purchasing

The systematic process by which companies buy goods and services they need to operate, considering factors like price, quality, and delivery times.

Closed-loop Supply Chains

Supply chains designed to integrate forward logistics with the reverse logistics process, enabling recycling, refurbishment, or disposal of products.

Reverse Logistics

The process of moving goods from their typical final destination for the purpose of capturing value, or proper disposal.