Refer to Table 3.1 above. How much will you have if you deposit $1,000 each year for the next 5 years in an account paying 7%?

A) $1,403
B) $713
C) $5,751
D) $4,100

Answer: C
Explanation: C) $1,000 × 5.751 = $5,751

Business

You might also like to view...

Coke's worldwide success is based on:

A) adaptation of the marketing mix. B) standardization of the marketing mix. C) selected elements of the marketing mix. D) using local sales force and vending machines. E) using existing local infrastructure.

Business

The most difficult decisions require high quality and high acceptance

Indicate whether the statement is true or false

Business