What Amount Will Be in a Bank Account Three Years

question 19

Multiple Choice

What amount will be in a bank account three years from now if $6,000 is invested each year for four years with the first investment to be made today?

• A)($6,000 × 1.260) + ($6,000 × 1.166) + ($6,000 × 1.080) + $6,000
• B)$6,000 × 1.360 × 4
• C)($6,000 × 1.080) + ($6,000 × 1.166) + ($6,000 × 1.260) + ($6,000 × 1.360)
• D)$6,000 × 1.080 × 4

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Definitions:

Social Networks

Platforms or structures that enable individuals or entities to connect, share, and communicate with each other.

Dyads and Triads

Basic sociological groups composed of two members (dyads) and three members (triads) respectively, each with distinct dynamics and interaction patterns.

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A virtual environment created by interconnected networks of computers and digital devices, facilitating online communication, information exchange, and digital activities.

Urban Networks

Complex connections between urban areas, including economic, social, and infrastructure links.