Use the Table to Solve the Problem

question 15

Multiple Choice

Use the table to solve the problem. Round to the nearest cent.
-Barry Newman's savings account has a balance of $358. After 21 years, what will the amount of interest be at 4% compounded annually?

• A)$143.20
• B)$457.80
• C)$462.80
• D)$448.80

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Definitions:

Dead-on Sales Recommendation

Highly accurate or precisely targeted sales advice that greatly matches the customer's needs or situations.

Real Time

Pertains to processing data and delivering results instantly or very rapidly as events occur.

Collaborative Filtering

A technique used by recommendation engines to filter out items by predicting a user's interest based on collected preferences from many users (collaborating).

Personalization

The process of tailoring products, services, or experiences to meet the individual preferences or needs of customers, often using data and analytics to enhance personal relevance.