You Expect to Receive $1,000 at the End of Each

question 214

Multiple Choice

You expect to receive $1,000 at the end of each of the next three years that you plan to deposit in a bank account paying 6%. Which of the following expressions will calculate your bank balance just after the last payment is deposited?

• A) FV = $1,000 [FVF_6,1] + $1,000 [FVF_6,2] + $1,000 [FVF_6,3]
• B) FV = $1,000 [1.06]¹ + $1,000 [1.06]² + $1,000 [1.06]³
• C) FVA₃ = $1,000 [FVFA_6,3]
• D) All of the above

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Definitions:

Freezing

In the context of project management, it refers to the process of locking in the scope and specifications of a project to prevent changes.

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Toyota Production System

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