If You Invest $2,000 at the End of Each Year

question 49

Multiple Choice

If you invest $2,000 at the end of each year for five years and you earn 7% interest compounded annually, how much will you have accumulated at the end of the fifth year?

• A)$10,700
• B)$11,501
• C)$12,307
• D)$14,026

Describe the process and timelines associated with stopping payment on a check.

Recognize the legal protections and remedies available to consumers in cases of check fraud or bank error.

Comprehend the procedural aspects of depositing checks and the subsequent availability of funds.

Explain the responsibilities of banks in honoring or dishonoring checks, including postdated checks and checks drawn on a deceased person’s account.

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Definitions:

Latest Start Time

The latest time at which a task or activity can start without delaying the project completion.

Early Finish Time

The earliest possible point in time when an activity or phase in a project can be completed, assuming all goes according to schedule.

Slack Value

The difference between the achieved value and the maximum possible value in optimization problems, indicative of unused resources.

Slack Value

The difference between the actual value of a constraint and the value of that constraint under optimal conditions.