Find the Future Value of the Deposit If the Account

question 225

Multiple Choice

Find the future value of the deposit if the account pays simple interest.
-$2000 at 2.4% for 4 years

• A)$2192.00
• B)$2187.20
• C)$2240.00
• D)$2101.05

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Definitions:

Ellipsoid

A geometric surface, all of whose plane sections are either ellipses or circles, commonly found in shapes like footballs or rugby balls.

Ball and Socket

A type of joint in which the spherical end of one bone fits into the round socket of another bone, allowing for multi-directional movement and rotation.

Saddle

A seat for a rider, typically made of leather, fastened to an animal's back by a girth.

Plane

Flat surface; an imaginary surface formed by extension through any axis or two points—for example, a midsagittal plane, a coronal plane, and a transverse plane.