You decide to deposit $5,000 at a local bank for three years at a 8% rate of interest compounded quarterly. The future value of your investment is most nearly equal to ________

A) $6,200
B) $6,340
C) $6,430
D) $6,800

Answer: B

Business

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To say that a decision is based on political considerations means that it is not based on

a. alliances with others. b. thoughts of acquiring power. c. both sides of an issue. d. the objective merits of the situation.

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A retail buyer purchases an amount equal to planned sales plus a basic stock in the _____ method

a. weeks' supply b. basic stock c. percentage variation d. stock-to-sales

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