Which of the Following Amounts Is Closest to the End

question 70

Multiple Choice

Which of the following amounts is closest to the end value of investing $7,500 for 2 1/2 years at an effective annual interest rate of 12.36%? Interest is compounded semiannually.

• A) $7,531
• B) $8,427
• C) $9,818
• D) $9,469
• E) $10,122

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Definitions:

Operators

Special symbols that carry out arithmetic or logical computation on operands.

System.exit()

A method in Java used to terminate the currently running Java virtual machine by giving a status code.

Iteration

Iteration refers to the process of executing a sequence of statements repeatedly, either a fixed number of times or until a certain condition is met, as seen in loops.

Precedence

The rule used to clarify which operations in an expression are performed first when multiple operations occur.