You Are Scheduled to Receive $30,000 in Two Years

question 46

Multiple Choice

You are scheduled to receive $30,000 in two years.When you receive it,you will invest it for 5 more years,at 6 percent per year.How much money will you have 7 years from now?

• A)$38,909.19
• B)$39,381.16
• C)$40,146.77
• D)$47,209.19
• E)$51,414.73

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Definitions:

Market Shares

Represents the percentage of an industry's sales that is earned by a particular company over a certain period, indicating the company's dominance in the market.

Hypothetical Industries

Conceptual or theoretical sectors proposed for the purpose of analysis or discussion, which may not exist in reality.

Buyer-Seller Relationships

The dynamic interaction and association between buyers and sellers, including negotiations, transactions, and ongoing communication for the purpose of exchanging goods or services.

Antitrust Laws

Legislation enacted to prevent anti-competitive practices, monopolies, and to ensure fair competition in an open-market economy.