Use the Following Timeline to Answer the Question(s)below

question 69

Multiple Choice

Use the following timeline to answer the question(s) below.
0 1 2 3
$600 $1200 $1800
-At an annual interest rate of 7%,the future value of this timeline in year 3 is closest to:

• A)$3295
• B)$3600
• C)$3770
• D)$4035

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Definitions:

Current Assets

Assets of a company that are expected to be sold, consumed, or converted into cash typically within one year or one operating cycle, whichever is longer.

Operations

The day-to-day activities involved in managing and running a business or organization efficiently.

Total Cost

The complete cost of producing or acquiring goods or services, including direct, indirect, fixed, and variable expenses.

Finance Company

A business that makes loans to individuals and companies, aside from banks and other traditional lenders.