Tony plans to deposit $1,000 at the end of each of the next three years. If his funds earn 5% compounded annually, how much will he have at the end of three years?

A) $3,150.00
B) $3,175.50
C) $3,152.50
D) $3,500.00
E) $4,310.10


C

Business

You might also like to view...

List and briefly describe the four different levels of competition

What will be an ideal response?

Business

Profit margin is calculated by dividing net sales by net income.

Answer the following statement true (T) or false (F)

Business

The ________ is comprised of the various elements companies can use to communicate with the target market, including advertising, public relations, sales promotion, and personal selling

A) integrated media B) interpersonal media C) communications mix D) media mix E) AIDA model

Business

Once the potential exporter has established that there may be a market for the firm's products, the next task is to draft the ____________ plan.

Fill in the blank(s) with the appropriate word(s).

Business