A Company Needs to Have $200,000 in Four Years,and Will

question 29

Short Answer

A company needs to have $200,000 in four years,and will create a fund to ensure that the $200,000 will be available.If they can earn a 7% return,how much must the company invest in the fund today to equal the $200,000 at the end of four years?

---

Definitions:

Capitalist Societies

Societies characterized by private or corporate ownership of capital goods, by investments determined by private decision, and by prices, production, and the distribution of goods determined mainly by competition in a free market.

Class Status

An individual's or group’s position within a hierarchical social structure influenced by factors like wealth, occupation, education, and lineage.

Status Inconsistency

A situation in which an individual holds differing and contradictory levels of status in terms of wealth, power, prestige, or other elements of socioeconomic status.

Prestige

The respect, admiration, or high regard accorded to an individual, occupation, or organization based on perceived successes, achievements, or status.