If $1000 Is Invested for 2 Years at 6% Compounded

question 31

Multiple Choice

If $1000 is invested for 2 years at 6% compounded quarterly,then the compound amount at the end of the period is

• A) $1120.00.
• B) $1123.60.
• C) $1126.49.
• D) $1141.23.
• E) $1593.84.

---

Definitions:

Corporate Bylaws

Documents that outline the internal rules governing the management and operational procedures of a corporation.

Corporate Management

The group of individuals responsible for directing, controlling, and administering an organization or company.

S-corp

is a type of corporation that meets specific Internal Revenue Code requirements, allowing it to pass income directly to shareholders and avoid double taxation.

C-corp

A type of corporation subject to corporate income tax, distinct from its owners, who are taxed separately on their personal income from the corporation.