You Expect to Receive $1,000 at the End of Each

question 32

Multiple Choice

You expect to receive $1,000 at the end of each of the next 3 years.You will deposit these payments into an account which pays 10 percent compounded semiannually.What is the future value of these payments,that is,the value at the end of the third year?

• A) $3,000
• B) $3,310
• C) $3,318
• D) $3,401
• E) $3,438

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Definitions:

Alternative Hypothesis

A statistical hypothesis that proposes a difference or effect, in contrast to the null hypothesis which suggests no effect or relationship.

Wilcoxon Signed Rank Test

A nonparametric statistical test used when comparing two related samples or repeated measurements on a single sample to assess whether their population mean ranks differ.

Null Hypothesis

A default hypothesis that indicates no effect or no difference, and is tested against an alternative hypothesis.

Triglyceride Levels

Triglyceride Levels indicate the amount of triglycerides present in the blood, a type of fat that, in high levels, can increase the risk of heart disease.