Use the Formula A $$A = P \left( 1 + \frac { r } { n } \right) ^ { n }$$

question 127

Multiple Choice

Use the formula A $$A = P \left( 1 + \frac { r } { n } \right) ^ { n }$$ to find the amount requested.
-A principal of $14,000 is invisted in an account paying on annual interest rate of 10%. Find the amount in the account after 15 years if hte account is compounded quarterly.

• A) $46,507.19
• B) $57,625.90
• C) $58,481.47
• D) $60,507.19

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Definitions:

Fovea

A small depression in the retina of the eye where visual acuity is highest owing to the high concentration of cones, specialized for daylight vision, fine detail, and color.

Optic Nerve

The cranial nerve that transmits visual information from the retina to the brain, essential for sight.

Rods and Cones

Are photoreceptor cells in the retina of the eye that detect light and color, with rods being more sensitive to low light and cones responsible for color vision and detail.

Opponent Processes

A theory in psychology and neuroscience that suggests certain emotions or visual perceptions are produced through opposing pairs of colors or feelings.