How Many Days Will It Take for an Investment of $5,500

question 272

Multiple Choice

How many days will it take for an investment of $5,500 to earn $602.74 interest at 16%?

• A) 68
• B) 22
• C) 230
• D) 250
• E) 4564

---

Definitions:

Forecasting

The process of making predictions about the future based on past and present data and analysis of trends.

Exponential Smoothing

A forecasting technique that applies diminishing weights to past observations, with recent observations given more weight than older observations.

Weights

Factors that adjust the importance or influence of different items in a calculation, often used in statistical analysis and algorithms.

Linear Trend

A trend that consistently increases or decreases at a steady rate over a period of time.