Items 65 Through 68 Apply to the Appropriate Use of Interest

question 119

Multiple Choice

Items 65 through 68 apply to the appropriate use of interest tables. Given below are the future value factors for 1 at 8% for one to five periods. Each of the items 65 to 68 is based on 8% interest compounded annually.

-If $6,000 is deposited in a savings account today, what amount will be available six years from now?

• A) $6,000 × 1.080 × 6
• B) $6,000 × 1.080 × 1.469
• C) $6,000 × 1.166 × 3
• D) $6,000 × 1.260 × 2

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Definitions:

Seminal Fluid

A fluid that is part of semen, produced by several glands in the male reproductive system, and serves to transport and nourish sperm.

Contractions

In physiology, the process of muscle fibers shortening and generating force; in linguistics, the shortening of words by omitting sounds or letters.

Refractory Period

A period immediately following stimulation during which a nerve or muscle is unresponsive to further stimulation.

Human Response Cycle

A model describing the stages of physiological responses in sexual function, traditionally including excitement, plateau, orgasm, and resolution phases.