Assume That Your Client Invests $1,000 at the End of Each

question 54

Short Answer

Assume that your client invests $1,000 at the end of each of the next three years. The investments earn 8% compounded annually. What is the future value at the end of the three years? (Taken from CIFP course materials.)

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Definitions:

Marketing Mix

A framework consisting of the four Ps (product, price, place, and promotion) that marketers adjust to meet the needs of their target market.

Price

The sum of money anticipated, demanded, or provided as compensation for something.

Product

Any item or service offered by a business to its customers to satisfy their needs or wants.

Environmental Forces

External factors that impact businesses and organizations, including economic, social, technological, legal, and political conditions.