Find the Present Value of the Future Value

question 65

Multiple Choice

Find the present value of the future value.
-Find the required annual interest rate, to the nearest tenth of a percent, for $1100 to grow to $1400 if interest is compounded monthly for 6 years.

• A) 4.0%
• B) 0.3%
• C) 2.7%
• D) 8.1%

Understand the role of standard deviations in determining statistical significance of sample group differences.

Realize the importance of using representative samples for accurate generalizations.

Understand strategies to maximize chances of winning in situations of statistical disadvantage.

Grasp the concept of regression toward the mean for extraordinary events.

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Definitions:

Sterile Plastic

Plastic materials that have been treated to eliminate all forms of life and biological contaminants.

Clean-Catch Midstream

A method of urine collection that involves cleansing the genital area and collecting urine midstream to minimize contamination.

Urine Culture

A laboratory test in which urine is placed on a growth medium and bacteria are allowed to grow for 24 to 48 hours. Any large growths of bacteria are then identified. Urine cultures are often followed by a sensitivity or susceptibility test to determine which antibiotic will be most effective against the bacteria.

Pathogens

Microorganisms that can cause disease in humans or other organisms, including viruses, bacteria, fungi, and parasites.