The Future Value of $100 Received Today and Deposited at 6

question 104

Multiple Choice

The future value of $100 received today and deposited at 6 percent for four years is

• A) $126.
• B) $ 79.
• C) $124.
• D) $116.

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Definitions:

Planning Budget

A budget prepared for a specific period in the future that serves as a plan for the company's operations and financial activities.

Budgeting Formulas

Mathematical expressions or equations used to forecast and manage financial resources by estimating incomes and expenditures.

Selling and Administrative Expenses

Costs incurred by a business that are not directly related to the production of goods or services, such as sales personnel salaries, advertising, and office supplies.

Units

A measure of quantity, such as a piece, item, or standard measurement, used to quantify inventory, production levels, or sales volumes.