After Alaska,________ Is the State with the Greatest Number of Glaciers

question 73

Multiple Choice

After Alaska,________ is the state with the greatest number of glaciers and greatest amount of surface area covered by glaciers.

• A) Minnesota
• B) Maine
• C) Montana
• D) Washington
• E) Oklahoma

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Definitions:

Compounded Quarterly

The process of calculating interest on both the initial principal and the accumulated interest of previous periods on a quarterly basis.

Compound Interest

The interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.

Present Value

The assessed current value of a future monetary amount or series of financial flows, at a given rate of return.

Compound Interest

Refers to the addition of interest to the principal sum of a loan or deposit, where the added interest also earns interest from then on. This effect makes a sum grow at a faster rate compared to simple interest, which is calculated only on the principal amount.