Use the Compound Interest Formula to Compute the Future Value

question 58

Multiple Choice

Use the compound interest formula to compute the future value of the investment.
-$1300 at 2% compounded quarterly for 6 years

• A)$1339.49
• B)$1465.31
• C)$1456.00
• D)$1464.01

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Definitions:

Strike-Slip Fault

A type of fault where two blocks of earth slide past each other horizontally.

Lateral Fault

A type of geological fault where the motion is primarily horizontal.

Horizontal Compression

A tectonic stress that squeezes rock and can lead to the folding or faulting of the earth's crust.

Vertical Compression

The act of applying pressure or force in a downward direction, reducing an object's height or thickness.