Present and Future Value Tables of $1 at 9% Are

question 31

Multiple Choice

Present and future value tables of $1 at 9% are presented below.

-How much must be deposited at the beginning of each year to accumulate to $10,000 in four years if interest is at 9%?

• A) $1,671.
• B) $2,570.
• C) $2,358.
• D) $2,006.

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Definitions:

Producer Surplus

The difference between what producers are willing to accept for a good or service versus what they actually receive, due to higher market prices.

Import Quota

A government-imposed limit on the quantity or value of goods that can be imported into a country, often used to protect domestic industries.

Tariff

A tax imposed on imported goods and services to increase their price and reduce competitiveness with domestic products.

Country

A defined geographic area or political unit acknowledged as a sovereign state.