If the Interest Rate Is 4%,in Which of the Following

question 176

Multiple Choice

If the interest rate is 4%,in which of the following cases is the future value the largest?

• A)An initial value of $1,000 deposited for 5 years.
• B)An initial value of $950 deposited for 6 years.
• C)An initial value of $900 deposited for 7 years.
• D)An initial value of $850 deposited for 8 years.

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Definitions:

Planned Change

A deliberate effort to modify or transform processes, policies, or practices within an organization.

Comprehensive Redirection

Extensive changes or adjustments made in strategy, focus, or operations to address new challenges or opportunities.

Change Leader

is an individual who drives and manages change within an organization by influencing and guiding others towards new objectives.

Risk Taker

An individual or entity willing to engage in actions or decisions that have the potential for significant loss in anticipation of a possible reward.