If an Asset Has a Future Value of $120,a Present

question 17

Multiple Choice

If an asset has a future value of $120,a present value of $30,and an interest rate of 4%,how many periods of compounding are there?

• A) 45 periods
• B) 35 periods
• C) 28 periods
• D) 100 periods

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Definitions:

Adultery

A sexual act between a married person and someone other than their spouse, considered a breach of trust or marriage vows.

Desertion

The act of abandoning a person, place, or obligation, especially in a military context where it refers to a soldier leaving their post without permission.

Paid Workforce

Refers to individuals who are employed and receive compensation for their work in the form of wages, salary, or other earnings.

Increasingly

Referring to something happening in greater amounts or with greater frequency over time.