You have been depositing money at the end of each year into an account drawing 8% interest. What is the balance in the account at the end of year four if you deposited the following amounts?
Year End of Year Deposit
1 $350
2 $500
3 $725
4 $400
A) $1,622
B) $2,207
C) $2,384
D) $2,687
Answer: B
Business
You might also like to view...
In the context of ethical systems, which of the following is true of virtue ethics?
A. It suggests that what is moral comes from what a mature person with good "moral character" would deem right. B. It bases ethical behavior on the opinions and behaviors of relevant other people and focuses on what peers think is right. C. It states that rights and wrongs cannot be decided by a few good people alone. D. It implies that individuals have the right to decide what is good for themselves.
Business
Broadbanding provides organizations with more flexibility for managing pay ranges than traditional pay plans.
a. true b. false
Business