The Future Value of $100 Received Today and Deposited in an Account

question 92

Multiple Choice

The future value of $100 received today and deposited in an account for four years paying semiannual interest of 6 percent is ________.

• A) $450
• B) $127
• C) $889
• D) $134

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Definitions:

Quantity Demanded

This is the total amount of a good or service that consumers want to buy at a specific price level, within a certain period.

Derived Demand

The demand for a factor of production or intermediate good that occurs as a result of the demand for another good or service.

Marginal Productivity

The additional output that results from using one more unit of a particular input, holding all other inputs constant.

Resource Price

The cost associated with acquiring resources or inputs needed for production, such as raw materials, labor, and capital.