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The Future Value of $200 Received Today and Deposited for Three

question 140

Multiple Choice

The future value of $200 received today and deposited for three years in an account which pays semiannual interest of 8 percent is ________.


Definitions:

User Cost

The cost of using a capital asset, considering both the depreciation of the asset and the opportunity cost of not investing the funds elsewhere.

Extracting

The process of removing or obtaining a resource from its source.

Unit of Resource

A specific quantity of a resource or input used in the production of goods or services.

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