If the Annual Interest Rate Is 5 Percent,_____

question 63

Multiple Choice

If the annual interest rate is 5 percent,_____

• A)$100 saved today will be worth $105 after one year.
• B)$90 saved today will be worth $100 after one year.
• C)$100 saved today will be worth $150 after one year.
• D)$99 saved today will be worth $100 after one year.
• E)$100 saved today will be worth $1,000 after one year.

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Definitions:

New Deal

Initiatives involving public works, financial reforms, and regulatory measures, launched by President Franklin D. Roosevelt in the 1930s in the United States, designed to assist in overcoming the effects of the Great Depression.

Moving Assembly Line

An innovation in manufacturing where products move from workstation to workstation where different tasks are performed until the product is completed.

Start-Up Manufacturers

Start-Up Manufacturers are new companies focused on the creation and production of goods, often characterized by innovative approaches and the overcoming of initial financial and market challenges.

National Railroad

A National Railroad refers to a railway system that is owned or operated by a nation-state, often serving as a major component of the country's transportation infrastructure.