If You Put $1,000 in a Saving Account and Make

question 50

Multiple Choice

If you put $1,000 in a saving account and make no further deposits,what type of calculation would provide you with the value of the account in 20 years?

• A)future value of a single amount
• B)simple interest
• C)present value of a single amount
• D)present value of a series of deposits
• E)future value of a series of deposits

---

Definitions:

Kilowatt Hours

A unit of energy equivalent to one kilowatt of power expended for one hour, commonly used to measure electricity consumption.

Hourly Fee

A billing method where a service provider charges based on the number of hours worked.

Flat Fee

A charged price for a service that does not vary with usage or time.

Overhead

All manufacturing costs that cannot be directly traced to a product. Overhead includes indirect labor and materials, plant depreciation, insurance and property taxes, plant management salaries, and so forth. See Indirect Cost Pool.