Which of the Following Is the Equivalent of $300 Received

question 108

Multiple Choice

Which of the following is the equivalent of $300 received today?

• A) Seven hundred ninety-five dollars ninety-nine cents to be received 20 years in the future assuming a 5 percent annual interest rate.
• B) Hundred dollars to be received two years from now and $200 three years from now.
• C) Three hundred dollars compounded at 10 percent for one year.
• D) All of these choices are correct.

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Definitions:

Labyrinthitis

An inner ear disorder that causes inflammation of the labyrinth, leading to vertigo and hearing loss.

Acoustic

Pertaining to sound or the science of sound, especially its production, transmission, and effects.

Myringectomy

A surgical procedure involving the removal of part of the eardrum to treat conditions such as chronic infections or to insert tympanic tubes.

Myringotomy

A surgical procedure to make a tiny cut in the eardrum to relieve pressure caused by excessive fluid accumulation or to insert a tympanostomy tube.