How Much Will You Have in a Savings Account in Ten

question 113

Multiple Choice

How much will you have in a savings account in ten years,if you deposit $1000 in the account at the end of each year and the account earns 6% interest,compounded annually? (Future Value of $1,Present Value of $1,Future Value Annuity of $1,Present Value Annuity of $1. ) (Use appropriate factor from the PV tables.Round your final answer to the nearest dollar amount. )

• A)$10,000
• B)$10,600
• C)$13,181
• D)$17,906

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Definitions:

Table Design View

In database management systems, a visual interface that allows users to define or modify the structure of a table, including fields, data types, and relationships.

Table Design View

The interface in database management systems where users can define, modify, and view the structure of a database table.

Relates

Describes the connection or association between two entities, typically within a database or a logical structure.

Indexed

A method of storing data in a database in such a way that it improves the speed of data retrieval operations on a database table.