Assume That $100 Is Deposited at the End of Each

question 294

Multiple Choice

Assume that $100 is deposited at the end of each year in an account in which interest is compounded annually at a rate of 10%.Find the accumulated amount after 4 years.Round to the nearest cent.

• A)$464.10
• B)$664.10
• C)$564.10
• D)$414.10
• E)none of the above

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Definitions:

Advantages

Benefits or favorable factors that contribute to success or effectiveness in a particular context.

Disadvantages

Negative aspects or drawbacks associated with a situation, decision, or action.

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Fundamental aspects or components used in creating a visual design, such as color, shape, line, texture, space, and form.

Contrast

The state of being strikingly different from something else in juxtaposition or close association.