Calculate the Value of an Investment at the End of Its

question 50

Multiple Choice

Calculate the value of an investment at the end of its fourth year if the initial investment is $10 000 and it produces the following annual rates of return: Year 1,gain 15%;Year 2,gain 17%;Year 3,loss 5%;Year 4,gain 4%.

• A)$14 295
• B)$13 100
• C)$13 293
• D)$11 957

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Definitions:

Final Paragraph

The concluding section of a piece of writing, summarizing the main points and often providing a final perspective on the topic.

Critical Skill

An essential ability or expertise that is necessary for effectively performing tasks, solving problems, or achieving goals.

Specific Action

A particular or distinct deed taken to achieve a goal or address a situation.

Prospecting

The process of searching for potential customers, clients, or buyers in order to develop new business.