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

question 19

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:

• A) $253
• B) $252
• C) $158
• D) $134
• E) $248

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Definitions:

Economic Profit

Economic profit is the surplus obtained after subtracting both the explicit and implicit costs from total revenues, emphasizing the opportunity costs of resources used.

Economic Loss

A decrease in monetary value, wealth, or resources, especially as a result of business activities or market factors.

Industry Supply Curve

A graphical representation that shows the relationship between the price of a good and the total output of the industry for that good.

Quantity Supplied

The amount of a good or service that producers are willing to sell at a given price over a certain period of time.