If an Amount $AAA Today Earns Interest at a Rate $\$ A A A \times n \times i$

question 194

Multiple Choice

If an amount $AAA today earns interest at a rate of i percent per year, then the accumulated amount at the end of n years will be

• A) \(\$ A A A \times n \times i\)
• B) \(\$ A A A \times i ^ { n }\)
• C) \(( \$ A A A ) ^ { n } \times ( 1 + i )\)
• D) \(\$ A A A \times ( 1 + i ) ^ { n }\)

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Definitions:

1860 Convention

Refers to the Democratic National Convention of 1860, which was pivotal in the lead-up to the American Civil War, highlighting deep divisions over slavery.

Charleston

A historic city in South Carolina known for its well-preserved architecture, rich history, and significant role in the American Civil War.

Constitutional Union Party

A political party in the United States formed in 1860, which sought to avoid secession by focusing on the Constitution and the Union without addressing the contentious issue of slavery.