JG Asset Services Is Recommending That You Invest $1, 500

question 159

Multiple Choice

JG Asset Services is recommending that you invest $1, 500 in a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually.How much will you have when the CD matures?

• A) $1, 781.53
• B) $1, 870.61
• C) $1, 964.14
• D) $2, 062.34
• E) $2, 165.46

Illustrate the role of software in enhancing productivity in various contexts.

Understand the importance of compatibility in software selection.

Distinguish between different types of software based on development and distribution phases.

Explain the significance of web page-authoring software and its features.

---

Definitions:

Equilibrium Quantity

The quantity of goods or services supplied and demanded at the equilibrium price.

Normal Good

A good for which demand increases as consumer income rises, holding all other factors constant.

Consumer Tastes

Preferences and inclinations of consumers that influence their purchasing behavior and choice of products.

Substitutes

Products or services that can replace each other in usage, providing consumers with choices.