Given a 10 Percent Interest Rate, Compute the Year 9

question 145

Multiple Choice

Given a 10 percent interest rate, compute the year 9 future value if deposits of $10,000 and $20,000 are made in years 1 and 5 respectively, and a withdrawal of $5,000 is made in year 7.

• A) $44,667.89
• B) $45,103.47
• C) $46,585.66
• D) $47,002.89

---

Definitions:

Range

The difference between the highest and lowest values in a data set, showing the spread or dispersion of the data points.

Range

The gap between the maximum and minimum values within a set of data.

Standard Deviation

A metric for evaluating the degree of spread or deviation in a collection of data points.

Bimodal

A frequency distribution having two different values that are most commonly observed or two peaks.