What Would an Initial Investment of $3,000 Grow to If

question 29

Multiple Choice

What would an initial investment of $3,000 grow to if it is compounded annually at 10% for 5 years?

• A) $4,832
• B) $4,500
• C) $6,286
• D) $1,863
• E) None of the above

Understand the basics of database management, including relationships between tables and primary keys.

Understand the role of SQL in managing and querying relational databases.

Understand digital etiquette (netiquette) and its importance in online interactions.

Recognize the consequences of copyright infringement and other legal issues in technology.

---

Definitions:

Marginal Utility

The increased contentment or advantage obtained by the consumption of an extra unit of a good or service.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay, representing the benefit to consumers from participating in the market.

Utility

Utility refers to the total satisfaction received from consuming a good or service.

Diminishing Utility

The principle that as consumption of a good or service increases, the marginal utility derived from each additional unit decreases.