Which of the Following Is the Correct Formula for Calculating

question 29

Multiple Choice

Which of the following is the correct formula for calculating the future value of an amount invested (A) at an interest rate of r, for n periods?

• A)(1 + r) x n x A
• B)(1 + r)ⁿ x A
• C)r x n x A
• D)(1 + n)^r x A

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Definitions:

Sample

Group of subjects selected from a larger population of subjects, usually selected randomly.

Population

In statistics and research, the entire group of individuals or instances about whom the information is desired; in biology, all the organisms of the same group or species living in a particular geographic area.

Correlational Method

A research strategy that involves measuring two or more variables to determine the degree of relationship between them.

Variables

Elements, features, or factors that are liable to vary or change within a study, experiment, or any form of research.