What Amount Must Be Deposited Today at 6% to Grow

question 37

Multiple Choice

What amount must be deposited today at 6% to grow to $900 in three years?

• A) $405.70
• B) $755.64
• C) $817.22
• D) $456.79

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Definitions:

Outcomes

The results or consequences that follow from specific actions, processes, or decisions.

Impersonal

Lacking personal emotion, attachment, or reference to specific individuals.

Controllable Behavior

Actions or responses that individuals can manage or alter through personal choice or intervention.

Verifying Understanding

The process of ensuring that information has been accurately received and comprehended by all parties involved in a communication.