Approximate Each Logarithm to Three Decimal Places. Log₄20

question 201

Multiple Choice

Approximate each logarithm to three decimal places. log₄20

• A) 1.738
• B) 1.861
• C) 1.216
• D) 1.490

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Definitions:

Future Value

The value of an investment at a specific future date, accounting for interest or returns earned over time.

Annuity Factor

A multiplier used to calculate the present value of an annuity, representing the sum of the present values of all future annuity payments.

Interest Rate

The percentage charged on the total amount of borrowed money or paid on invested capital.

Compounding Periods

The frequency with which interest is added to the principal balance of a financial instrument, affecting the total interest earned or paid over time.