The Stated Interest Rate on Your Account Is 3

question 76

Multiple Choice

The stated interest rate on your account is 3.5%,interest compounded monthly.If you deposit $100 each month,how much will you have in your account in 8 years? (Use time value tables or financial calculator.)

• A)$9,600
• B)$9,936
• C)$11,060
• D)$12,288
• E)$12,350

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Definitions:

Shape

The external form or appearance of an object or a molecule determined by its spatial arrangement.

D Orbitals

A type of atomic orbital with a characteristic clover shape, involved in bonding in elements beyond the first twenty.

Shape

In chemistry, this often refers to the geometric arrangement of atoms in molecules or the spatial form of a molecule.

Electron Orbital

A mathematical function that describes the wave-like behavior of either one electron or a pair of electrons in an atom.