Approximate the Number Using a Calculator $S = A \left( \frac { ( 1 + r ) ^ { t + 1 } - 1 } { r } \right)$

question 70

Multiple Choice

Approximate the number using a calculator. Round your answer to three decimal places.
-The formula $S = A \left( \frac { ( 1 + r ) ^ { t + 1 } - 1 } { r } \right)$ models the value of a retirement account, where $A =$ the number of dollars added to the retirement account each year, $\mathrm { r } =$ the annual interest rate, and $\mathrm { S } =$ the value of the retirement account after t years. If the interest rate is $6 \%$ , how much will the account be worth after 15 years if $\$ 400$ is added each year? Round to the nearest whole number.

• A) \(\$ 10,269\)
• B) \(\$ 999\)
• C) \(\$ 6400\)
• D) \(\$ 15,338\)

Identify appropriate conversation topics for business meetings and meals.

Recognize the importance of writing etiquette in digital communication for maintaining professionalism.

Analyze how business etiquette influences teamwork, meeting productivity, and communication.

Determine the optimal timing for conducting business discussions during meals.

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Definitions:

Z-scores

Standardized scores that measure the distance of a score from the mean, expressed in units of standard deviation.

Shaded Area

In graphical representations, it refers to the region that is marked or filled to highlight a specific part or aspect.

Z-scores

Standard scores that indicate how many standard deviations an element is from the mean of its distribution.

Average Score

The sum of all the numerical values in a set divided by the number of values in the set, representing the central tendency.