In Three Years You Will Begin Receiving an Annual Payment

question 38

Multiple Choice

In three years you will begin receiving an annual payment of $600 that will be made for two years.If the annual interest rate is 12%,what will be the balance in your account at the end of the fourth year?

• A) $2,025
• B) $1,344
• C) $1,272
• D) $1,200
• E) $1,260

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Definitions:

Multiple Contingencies

The consideration of various potential unforeseen events or circumstances that could affect the outcome of a plan or negotiation.

Definition Of Issues

The process of clearly identifying and articulating the specific points of disagreement or areas of negotiation between parties.

Discussion Evolves

The process of dialogue and conversation developing over time, often leading to new ideas and understandings.

Positive Emotions

Feelings that are generally beneficial to well-being and happiness, such as joy, gratitude, serenity, and interest.