Use a Calculator to Approximate the Square Root to 3 $\sqrt { 618 }$

question 103

Multiple Choice

Use a calculator to approximate the square root to 3 decimal places. Check to see that the approximation is reasonable.
- $\sqrt { 618 }$

• A) \(618.000\)
• B) \(24.857\)
• C) \(24.865\)
• D) \(24.860\)

---

Definitions:

Expected Cash Flows

The projected amount of cash that is anticipated to be generated or expended over a certain period in the future.

Present Value

The contemporary valuation of future monetary sums or cash flow chains, determined by a designated rate of return.

Probability

A measure of the likelihood that an event will occur, expressed as a number between 0 and 1.

Time Value

The principle that having money now is more valuable than the same sum in the future because of its ability to earn more over time.