Simplify the Power of I $\mathrm { i }$ C) $- 1$

question 174

Multiple Choice

Simplify the power of i.
-¡53

• A) 1
• B) \(\mathrm { i }\)
• C) \(- 1\)
• D) \(- \mathrm { i }\)

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Definitions:

Compounded Monthly

Refers to the process where interest is calculated and added to the principal balance on a monthly basis, leading to interest on interest.

Future Value

The future date value of an asset or cash that matches a given sum today.

Equal Amount

A quantity that is the same in value, size, or measure as another.

Compounded Annually

This involves the calculation of interest added to the principal sum of a loan or deposit once per year, where each year's interest is added to the principal for the calculation of future interest.