You Expect to Receive $1,000 at the End of Each

question 32

Multiple Choice

You expect to receive $1,000 at the end of each of the next 3 years.You will deposit these payments into an account which pays 10 percent compounded semiannually.What is the future value of these payments,that is,the value at the end of the third year?

• A) $3,000
• B) $3,310
• C) $3,318
• D) $3,401
• E) $3,438

---

Definitions:

Communicative Skills

The ability to convey or exchange information effectively, whether through speaking, writing, or another form of communication.

Managerial Responsibility

The obligation of managers to make decisions and oversee an organization's resources and operations in an ethical, effective, and lawful manner.

Technical Skills

refer to the abilities and knowledge needed to perform specific tasks, often involving mechanical, informational, or scientific tasks.