If You Want to Have $ 2,000 in Your Pocket

question 109

Multiple Choice

If you want to have $ 2,000 in your pocket at the end of one year, what amount would you have to invest today given an interest rate of 5%?

• A) $ 1,951.22
• B) $ 1,818.18
• C) $ 1,904.76
• D) Additional information is required to complete the calculation.

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Definitions:

Compiler

A tool that translates code written in a high-level programming language into machine code or another form that a computer can execute directly.

Exception Object

An object that represents an error or irregularity that occurs during the execution of a program. In many languages, exception objects can be caught and handled by exception handling mechanisms.

Instance Variable

A variable defined in a class for which each instantiated object of the class has its own copy, representing the object's state.

Unchecked Exceptions

In programming, especially Java, these are the exceptions that are not checked at compile-time but at runtime.