Use This Information to Answer the Following Question What Amount Must Be Deposited Today to Grow to $450

question 79

Multiple Choice

Use this information to answer the following question. $$\begin{array} { | c | c | c | } \hline \text { Periods } & \text { Present Value af } \$ 1 \text { at } 7 \text { Percent } & \text { Present Value af Ordinary Annuity of } \\&&\text { \$1 at } 7 \text { Percent } \\1 & 0.935 & 0.935 \\\hline 2 & 0.873 & 1.808 \\\hline 3 & 0.816 & 2.624 \\\hline\end{array}$$ What amount must be deposited today to grow to $450 in three years?

• A) $331.00
• B) $367.20
• C) $171.49
• D) $420.75

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Definitions:

Incentive Systems

Arrangements used by organizations to motivate and reward employees for achieving specific performance targets.

Industrial Buyers

Individuals or organizations that purchase goods or services for industrial use, manufacturing, or for resale to other consumers.

Productivity Measurement

The process of quantifying the efficiency and effectiveness of production.

Evaluation System

A structured process used by organizations to assess, review, and enhance performance and effectiveness, typically of employees or processes.