If You Invested $700 Today and Another $1,000 in Two

question 19

Multiple Choice

If you invested $700 today and another $1,000 in two years, to the nearest dollar, how much will your investment be worth in seven years.? Assume an 8.4% annual compound return.

• A)$616
• B)$749
• C)$1,364
• D)$2,728
• E)None of the above

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Definitions:

Pay Increase

An adjustment in wages or salary upwards, often in response to negotiations, inflation, or performance appraisals.

Monitor Employees

The practice of overseeing employees' activities and performance in the workplace through various methods, including surveillance tools or performance metrics, to ensure productivity and compliance.

Company Email

A digital communication tool assigned to employees for professional use within a company.

Salting

A tactic used by unions in which union members seek employment at non-union workplaces to organize from within and encourage unionization.