You Are Scheduled to Receive $7,500 in Three Years

question 40

Multiple Choice

You are scheduled to receive $7,500 in three years.When you receive it,you will invest it for eight more years at 7.5 percent per year.How much will you have in eleven years?

• A)$13,376.08
• B)$14,428.09
• C)$15,110.24
• D)$16,113.33
• E)$16,617.07

---

Definitions:

Conventional People

Individuals who prefer to adhere to established norms, traditions, or ways of thinking, often valuing stability and consistency over innovation or change.

Detail Work

The aspect of a job focusing on meticulous and fine tasks, requiring attention to small elements or aspects of the work to ensure quality and accuracy.

Controlling Function

The management activity that monitors performance, compares it with goals, and takes corrective action as needed.

Supervising

The act of overseeing, directing, and managing the work and performance of others, often in a workplace setting.