The Future Value of $500 Deposited into an Account Paying

question 35

Multiple Choice

The future value of $500 deposited into an account paying 8% annually for three years is:

• A)$500.
• B)$630.
• C)$700.
• D)$620.

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Definitions:

Profit Centers

Divisions or branches within a company that are treated as separate business units, with their own revenues and expenses.

Division Revenues

The total income generated by a specific division or segment of a company from its operational activities.

Division Profits

The earnings generated by a specific division within a larger company, highlighting its financial performance.

Company-wide Profit

The total earnings or net income generated by all operations and departments of a business.