The Future Value of $200 Deposited Today in an Account

question 66

Multiple Choice

The future value of $200 deposited today in an account for four years paying semiannual interest when the annual interest rate is 12% is:

• A)$309.40.
• B)$318.80.
• C)$320.20.
• D)$296.00.

Understand the conditions under which a consumer decides to purchase goods.

Comprehend how changes in the supply of money influence interest rates.

Analyze the effects of price changes on market surplus or shortage.

Understand the relationship between supply and demand and its impact on price and quantity sold.

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Definitions:

Efficiency

Refers to the degree to which a process or system can achieve its goals with minimal waste of time, resources, or effort.

Strategic Information System

Systems designed to help an organization gain a competitive advantage, align organizational processes with its strategic goals, or significantly reduce costs.

Internal Customer

Employees or departments within an organization that use resources or services provided by other parts of the organization.

Voice-Ordering Chatbot

An automated messaging software that utilizes voice recognition technology to understand and process orders or requests made by users through spoken language.