If $4,000 Is Put in a Savings Account Today, What

question 1

Multiple Choice

If $4,000 is put in a savings account today, what amount will be available six years from now?

• A)$4,000 × 1.080 × 6
• B)$4,000 × 1.080 × 1.469
• C)$4,000 × 1.166 × 3
• D)$4,000 × 1.260 × 2 Items 59 through 61 apply to the appropriate use of present value tables.Given below are the present value factors for $1.00 discounted at 10% for one to five periods.Each of the items 59 to 61 is based on 10% interest compounded annually.

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Definitions:

Retinal Ganglion Cells

Neurons in the retina that receive visual information from photoreceptors and transmit it to the brain.

Optic Nerve

The cranial nerve that transmits visual information from the retina to the brain.

Irreversible Blindness

Permanent loss of vision that cannot be corrected with standard glasses, contact lenses, medicine, or surgery.

Glaucoma

A group of eye conditions that lead to damage to the optic nerve, often associated with increased intraocular pressure, and can result in vision loss.