Which of the Following Is the Equivalent of $300 Received

question 108

Multiple Choice

Which of the following is the equivalent of $300 received today?

• A) Seven hundred ninety-five dollars ninety-nine cents to be received 20 years in the future assuming a 5 percent annual interest rate.
• B) Hundred dollars to be received two years from now and $200 three years from now.
• C) Three hundred dollars compounded at 10 percent for one year.
• D) All of these choices are correct.

---

Definitions:

Components

The parts or elements that make up a larger system, machine, or piece of equipment.

Final Business Product

The last product offered by a business to its customers, which may have undergone several stages of development or refinement.

Production Goods

Items used in the manufacturing process to produce other goods, including raw materials, machinery, and components.

Support Products

Goods and services bought to be used in the production of other products or to facilitate an organization's operations.