If $10,000 Is Received and Deposited at 10% at the End

question 142

Multiple Choice

If $10,000 is received and deposited at 10% at the end of each of the next six years, how much will be in the account after the last payment is deposited?

• A)$96,000
• B)$77,156
• C)$43,553
• D)$87,355

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Definitions:

Mouse

A hand-operated electronic device that controls the coordinates of a cursor on your computer screen as you move it around on a pad.

PID

Stands for Proportional-Integral-Derivative, a control loop feedback mechanism widely used in industrial control systems to regulate temperature, flow, pressure, speed, and other variables.

J1587

The software multiplexing protocols used by first-generation truck data bus backbones; retained as auxiliary bus in the J1939 data bus up to 2010.

SPN

Short for Suspect Parameter Number, a code used in the J1939 protocol to identify specific functions or faults in vehicle systems.