If an Individual Put $4,000 in a Savings Account Today

question 34

Multiple Choice

If an individual put $4,000 in a savings account today, what amount of cash would be available two years from today?

• A)$4,000 × 0.826
• B)$4,000 × 0.826 × 2
• C)$4,000 ÷ 0.826
• D)$4,000 ÷ 0.909 × 2

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Definitions:

Communication Model

A theoretical framework that describes the process, components, and functions of communication between two or more parties.

Transmitting

The act of sending or conveying information, signals, or messages from one place or person to another.

Encoding

Putting an idea into a message (using words, images, or a combination of both).

Speech Recognition

Technology that can identify and interpret spoken language, converting it into text.