If You Put $300 into an Account Paying 2 Percent

question 121

Multiple Choice

If you put $300 into an account paying 2 percent interest,what will be the value of this account in 4 years?

• A)$320.69
• B)$324.00
• C)$324.73
• D)$327.81

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Definitions:

Acquisition Method

An accounting technique used to consolidate the financial statements of two companies after an acquisition.

Equity Method

An accounting approach used to reflect the value of an investment in another company, where the investment's value is adjusted based on the investor's share of the investee's profits or losses.

Par Value

The face value of a bond or stock as stated by the issuing company, which does not necessarily reflect its market value.