If Kelly Deposits $10,000 into an Account That Pays 8

question 36

Multiple Choice

If Kelly deposits $10,000 into an account that pays 8 percent interest, compounded annually, and she makes no further deposits or withdrawals, how much will Kelly have in her account at the end of 5 years?

• A) $14,000
• B) $14,482
• C) $14,693
• D) $15,000

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Definitions:

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.

Supplies

Materials, goods, or equipment required for the operation of a business or for completing a specific task.