When Jay Wins a Contest, He Is Able to Choose

question 155

Multiple Choice

When Jay wins a contest, he is able to choose one prize from four options. He chooses a 4-year certificate of deposit that will accumulate interest and cannot be cashed in until maturity in four years. Given the options below, which prize would provide Jay with the largest value four years from now?

• A) $1,000 with an interest rate of 4%.
• B) $850 with an interest rate of 8%.
• C) $1,100 with an interest rate of 3%.
• D) $940 with an interest rate of 6%.

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Definitions:

Database Tools

A collection of utilities and features in a database management system designed to assist in the creation, maintenance, and manipulation of databases.

Set Database Password

The act of establishing a secure password to protect a database from unauthorized access.

Asterisks

In computing, an asterisk is often used as a wildcard symbol for pattern matching or to denote zero or more occurrences of a character.

Performance Analyzer

A tool or feature in software that evaluates the performance of applications or systems, identifying areas for improvement.