Wilhelmina Has Just Received an Inheritance of $50,000, and She

question 145

Multiple Choice

Wilhelmina has just received an inheritance of $50,000, and she would like to put it into an investment portfolio for 20 years. To calculate the value of the investment at the end of the 20 year period, which of the following tables would be the best for her to use?

• A) Present Value of $1
• B) Present Value of an Annuity of $1
• C) Future Value of $1
• D) Future Value of an Annuity of $1

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Definitions:

Across Cultures Competency

The ability to understand, respect, and effectively interact with people from diverse cultural backgrounds.

Effective Performance

The degree to which tasks are completed successfully and goals are achieved efficiently and effectively.

Change Competency

The ability of an individual or organization to adapt effectively to new conditions, challenges, or environments.

Technological Forces

The influences that advancements or changes in technology have on society, the economy, and individual businesses.