If You Invest $100 at 8% for One Year,compounded Semiannually,at

question 120

Multiple Choice

If you invest $100 at 8% for one year,compounded semiannually,at the end of the year your balance will be (use time value tables or financial calculator)

• A)$104.08.
• B)$108.00.
• C)$108.16.
• D)$112.12.
• E)none of these.

---

Definitions:

Direct Tax

A tax levied directly on an individual or an organization's income or wealth, such as income tax or property tax.

Local Property Taxes

Taxes imposed by local governments based on the assessed value of property, primarily real estate, used to fund local services such as schools, roads, and police.

Industrial Countries

Nations with developed economies characterized by significant industrial activity and high income per capita.

Public Goods

Goods that are non-excludable and non-rivalrous in consumption, meaning they are available for everyone to consume, without diminishing the availability for others.