If You Left $2,500 on Deposit with a Bank Promising

question 132

Multiple Choice

If you left $2,500 on deposit with a bank promising to pay you a 6 percent compound annual rate of interest, then after 50 years your deposit would be worth approximately:

• A)$2,800
• B)$18,420
• C)$46,050
• D)$250,750

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Definitions:

Revamped Products

Products that have been significantly modified or improved for better performance, appeal, or to meet current market trends.

Product-line Extensions

Expanding a product line by adding variations to existing products to target new customer segments or address evolving market demands.

New-category Entries

Refer to products or services that are introduced into a market where no previous offerings exist, opening a new segment or category for competition and innovation.

Revamped Product

A product that has been significantly modified, improved, or updated to meet current market demands or technology standards.