What Is the Future Value of $800 One Year from Today

question 197

Multiple Choice

What is the future value of $800 one year from today if the interest rate is 7 percent?

• A)$747.66
• B)$756.00
• C)$856.00
• D)None of the above are correct to the nearest cent.

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Definitions:

Global Economy

The worldwide economic system comprising interconnected economies of nations, focusing on international trade, investment flows, and how economies are impacted globally.

Social Responsibility

The ethical framework suggesting that entities, whether individuals or organizations, have an obligation to act for the benefit of society at large.

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refers to the state of being a part of an organization, which entails certain rights, responsibilities, and roles governed by the entity's structure and culture.

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Occurs when someone is denied a job or a job assignment for reasons not job‐relevant.