When Using EXCEL to Find the Future Value of $2,000

question 75

Multiple Choice

When using EXCEL to find the future value of $2,000 invested in an account that would earn interest of 7.5% for 18 years, the correct entry would be

• A) =FV(7.5,18,0,-1,000).
• B) =PV(.075,18,0,-1,000).
• C) =FV(7.5,18,0,1,000).
• D) =FV(.075,18,0,-1,000).

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Definitions:

Laissez-Faire

A leadership or management style characterized by a hands-off approach, allowing individuals or teams to make decisions and solve problems independently.

Low LPC Leader

Refers to leaders who are task-oriented and prioritize work and tasks over interpersonal relationships, as determined by the Least Preferred Coworker (LPC) scale in Fiedler's Contingency Model.

Unfavorable Situations

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Charismatic

Possessing a natural ability to attract, inspire, or influence people through personal charm and appeal.