Use This Information to Answer the Following Question

question 44

Multiple Choice

Use this information to answer the following question.
-If $200 is invested at 7 percent APR,which of the following formulas would be used to determine to how much the deposit would grow at the end of three years?

• A)$200 × 0.935 × 3
• B)$200 ¸ 0.816
• C)$200 ¸ 2.624 × 3
• D)$200 ×2.624

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Definitions:

National Income

The total value of all the goods and services produced by a country’s economy in a specific period, including income from foreign investments.

Gross Investment Expenditures

The total amount spent on new capital assets, before accounting for depreciation.

Government Expenditures

The spending by the government sector on goods and services, including public services and public investment.

Welfare Payments

Financial assistance provided by the government to individuals or families in need, aimed at ensuring a minimum level of well-being and social support.