What Is the Future Value of a Single $4,800 Investment

question 28

Multiple Choice

What is the future value of a single $4,800 investment today that pays interest of 6% compounded annually for the next 3 years? (Round all intermediary calculations and final calculations to the nearest whole dollar. )

• A)$5,717
• B)$5,088
• C)$5,393
• D)$4,800

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Definitions:

Technology Transfer

The process of sharing or distributing technology between different organizations, or from research institutions to industry, facilitating innovation and application.

New Industries

Emerging sectors of the economy that arise from technological advancements, innovation, or societal changes, offering new opportunities for business and employment.

Economic Domination

A condition where a single entity or a group of entities holds significant control or influence over the economic policies, resources, or markets of a region or country.

Transnational Corporation

A large company operating in several countries around the world, managing production or delivering services in more than one country.