Suppose That a Landlord Is Interested in Renting Out a Two-Bedroom

question 2

Multiple Choice

Suppose that a landlord is interested in renting out a two-bedroom apartment for $1000 a month for the next year. The landlord requires rent to be paid at the beginning of the month, at which point he will deposit the rental check into a local savings account. If the annual interest that the tenant can earn on this account is 5% and interest is compounded monthly, how much will the tenant have in his savings account at the end of the year?

• A) $12,278.86
• B) $12,330.01
• C) $13,330.02
• D) $15,917.13

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Definitions:

MST

Minimum Spanning Tree, a concept in graph theory representing the subset of edges that connects all vertices in a graph with the minimum possible total edge weight.

MSE

Mean Squared Error, a measure used in statistics to quantify the difference between values predicted by a model and the values actually observed from the environment that is being modeled.

Catalysts

Substances that increase the rate of a chemical reaction without undergoing permanent chemical change.

Reaction Times

The duration it takes for an individual to respond to a stimulus, often measured in psychological and physiological experiments.