Refer to the scenario above. What is the future value of Wendy's deposit after three years?

A) $2,150.91
B) $2,278.64
C) $2,382.03
D) $2,764.12


C

Economics

You might also like to view...

Why are corporate executives are often guaranteed "golden parachutes" if they should be fired?

a. To give them the incentive to take the higher levels of risk desired by stockholders. b. To ensure that they exercise great caution in spending stockholders' money. c. To encourage the most experienced people to apply for the executive positions. d. To provide a signal to the public that the firm is on solid financial ground.

Economics

The best example of a transfer payment would be ___.

A. govenment investment B. government purchases C. government giving funds to the unemployed D. the government paying its workers

Economics

What is the relationship between start-up costs and a competitive market?

(A) There is no consistent relationship between start-up costs and the competitiveness of a market. (B) Low start-up costs are likely to make a market less competitive. (C) Markets with high start-up costs are more likely to be perfectly competitive. (D) Markets with high start-up costs are less likely to be perfectly competitive.

Economics

At the Larson Bakery the marginal products of the first, second, and third sales clerks are 20, 17, and 11 customers served, respectively. The total product (number of customers served) of the first two sales clerks is

A. 3. B. 17. C. 37. D. 48.

Economics