Consider a Bond That Has a Present Value of $1,000

question 58

Multiple Choice

Consider a bond that has a present value of $1,000.If the annual rate of interest is 7 percent, the future value of the bond after a year is

• A)$930.00.
• B)$934.58.
• C)$1,000.00.
• D)$1,070.00.

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Definitions:

Dynamic

Characterized by continuous change, activity, or progress, often used to describe systems, processes, or personalities.

Micromanagement

A management style where a manager closely observes or controls the work of subordinates or employees.

Theory Y

A management concept that assumes employees are self-motivated, enjoy work, and will seek and accept responsibility and self-direction.

Empower

To give someone the authority or power to do something or to make someone stronger and more confident, especially in controlling their life and claiming their rights.