Calculate the Future Amounts You Would Have If $2,000 Were

question 39

Multiple Choice

Calculate the future amounts you would have if $2,000 were invested at 8% for 4 years with simple interest and if it were invested with annual compounding. What is the difference between the two to the nearest cent, and does compound interest yield more or less than simple interest?

• A) at simple interest, $2,640 with annual compounding, $2,721
• Difference, $81 more;
• B) at simple interest, $2,720.98 with annual compounding, $2,640
• Difference, $80.98 more;
• C) at simple interest, $2,720.98 with annual compounding, $2,640
• Difference, $80.98 less;
• D) at simple interest, $2,640 with annual compounding, $2,720.98
• Difference, $80.98 less;
• E) at simple interest, $2,640 with annual compounding, $2,720.98
• Difference, $80.98 more;

Differentiate between software platforms and hardware tools used for communicating with truck data buses.

Grasp the methods for accessing a truck chassis data bus and the importance of connector color coding.

Assess the capabilities and advantages of generic handheld engine service tools (HH-ESTs) versus proprietary tools.

Familiarize with standard practices and tools in electrical wiring and connector maintenance.

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