You Receive $100 Today,$200 in One Year,and $300 in Two

question 93

Multiple Choice

You receive $100 today,$200 in one year,and $300 in two years.If you deposit these cash flows into an account earning 12 percent,the value in the account three years from now is ________.

• A)less than $600
• B)$649
• C)$727
• D)$815

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Definitions:

Open-door Policy

A management practice that encourages open and direct communication between employees and their supervisors or managers.

Formal Grievance Procedure

A systematic process provided by employers for employees to formally raise and resolve workplace disputes or complaints.

Market Penetration Rate

A measure used to determine the extent to which a product or service is known and used by customers within a particular market.

Videoconference

A technology that allows people in different locations to hold face-to-face meetings without having to move to a single location physically.