Use the Compound Interest Formula to Compute the Future Value

question 81

Multiple Choice

Use the compound interest formula to compute the future value of the investment.
-$1620 at 7.4% compounded annually for 16 years

• A)$3418.20
• B)$4726.93
• C)$3538.08
• D)$5076.72

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Definitions:

Stroke

A medical condition that occurs when the blood supply to part of the brain is interrupted or reduced, causing brain tissue to die.

Cholesterol Levels

The measure of cholesterol in the blood, which can indicate risk for heart disease; includes measurements of LDL (bad) and HDL (good) cholesterol.

Stroke

A medical condition occurring when the blood supply to part of the brain is interrupted or reduced, causing brain cells to die due to a lack of oxygen.

Heart Disease

A range of conditions affecting the heart, including coronary artery disease, heart rhythm problems, and heart defects.