If $5,000 Is Invested in an Account with 7% Interest

question 40

Multiple Choice

If $5,000 is invested in an account with 7% interest compounding yearly, what will the balance of the account be after 3 years? Please refer to the following Future Value table:

• A)$6,180
• B)$6,211
• C)$5,867
• D)$6,125

Understand the principles behind risk mitigation strategies in supply chain management.

Recognize the importance of using multiple metrics in the evaluation of supply chain networks.

Understand the cost implications and operational distinctions between simulation models and decision tree tools in supply chain management.

Grasp the interdependence and implementation strategies of strategic planning and financial planning in supply chain network design.

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Definitions:

Supply Curve

A graphical representation depicting the relationship between the price of a good or service and the quantity of that good or service that suppliers are willing to offer for sale at that price.

Tax on Each Unit

A fixed amount of tax that is applied to each unit of a certain good or service that is sold.

Total Tax Collection

The cumulative sum of taxes collected by a government from individuals and businesses within a specific timeframe.

Excise Tax

A tax charged on specific goods and services, such as gasoline, cigarettes, and alcohol, typically imposed at the manufacturing or production level.