If the Interest Rate Is 10 Percent Per Year, and You

question 239

Multiple Choice

If the interest rate is 10 percent per year, and you have $100,000 now, which of the following is closest to what your $100,000 will be worth in four years?

• A) $175,000
• B) $125,000
• C) $146,000
• D) $190,000

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Definitions:

Trucks

Big vehicles built for the purpose of moving merchandise over highways.

Foreign Producers

Companies or individuals that manufacture goods or provide services in one country for consumption in another.

Leather Shoes

are footwear made from the hide of animals, known for their durability, flexibility, and aesthetic appeal.

Dumping

The act of exporting a product at a price lower than the price it is sold at within the exporting country.