Three Years Ago Dawn Put $1,200 into an Account Paying

question 173

Multiple Choice

Three years ago Dawn put $1,200 into an account paying 2 percent interest.How much is Dawn's account worth today?

• A)$1,225.38
• B)$1,248.48
• C)$1,264.72
• D)$1,273.45

---

Definitions:

Reporting Incentives

Motivations or reasons for organizations to provide certain information in their financial reports, often aimed at portraying a favorable image to investors.

Financial Reporting

The process of disclosing financial information to various stakeholders (investors, creditors, regulators) about a company's financial performance and operations.

Economic Incentive

A motivator or incentive system that influences the economic actions and behavior of individuals or organizations by offering rewards or penalties.

Financial Information

Data regarding the financial status, operations, and performance of an organization.