Simplify the Expression $i ^ { 14 }$ A) $- 6$ B) $- i$

question 3

Multiple Choice

Simplify the expression. $i ^ { 14 }$

• A) \(- 6\)
• B) \(- i\)
• C) \(- 1\)
• D) \( i\)
• E) \( 1\)

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Definitions:

Interest Rate

The percentage of a sum of money charged for its use, typically expressed as an annual percentage rate.

Future Value

The value of a current asset at a future date based on an assumed rate of growth over time.

Free-Land Era

A historical period characterized by the availability and acquisition of land for free or at minimal cost, often associated with westward expansion in the United States.

Land Demanded

The quantity of land that consumers or firms wish to purchase at various price levels, typically influenced by factors such as location, fertility, and accessibility.