Find (Period Rate), (Number of Periods), and (Future Value) for the Information

question 150

Multiple Choice

Find (period rate) , (number of periods) , and (future value) for the information given. Fill in the table. }\\\begin{array} { c c c c c c c c } \text { Compounding } & P & r & t & n & i & N & A \\\text { Period } & \text { Present } & \text { Annual } & \text { Time } & & \text { Period } & \text { Number of } & \text { Future } \\& \text { Value } & \text { Rate } & & & \text { Rate } & \text { Periods } & \text { Value } \\\text { Semiannual } & \$ 600 & 6 \% & 3 \mathrm { yr } & ? & ? & ? & ?\end{array}\end{array}">$\begin{array}{l}\text { cellpadding="0" cellspacing } = " 0 " \text { width } = " 90 \% \text { " border="1"> }\\\begin{array} { c c c c c c c c } \text { Compounding } & P & r & t & n & i & N & A \\\text { Period } & \text { Present } & \text { Annual } & \text { Time } & & \text { Period } & \text { Number of } & \text { Future } \\& \text { Value } & \text { Rate } & & & \text { Rate } & \text { Periods } & \text { Value } \\\text { Semiannual } & \$ 600 & 6 \% & 3 \mathrm { yr } & ? & ? & ? & ?\end{array}\end{array}$

• A) \(n\) \(\mathrm { N }\) \(A\) Period Number of Future Rate Periods Value 2 3 6 $716.43
• B) \(n\) \(\mathrm { N }\) \(A\) Period Number of Future Rate Periods Value 2 3 6 $636.91
• C) \(n\) \(\mathrm { N }\) \(A\) Period Number of Future Rate Periods Value 3 6 9 $782.86
• D) \(n\) \(\mathrm { N }\) \(A\) Period Number of Future Rate Periods Value 2 6 9 $777.02
• E) \(n\) \(\mathrm { N }\) \(A\) Period Number of Future Rate Periods Value 6 2 3 $656.21

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Definitions:

Used Clothing

Pre-owned garments that have been worn previously and are often resold or donated, playing a significant role in sustainable consumption and the circular economy.

Fur Coats

Luxurious outer garments made from the fur of animals, often considered a symbol of status and opulence.

Normal Goods

Goods whose demand increases when consumer income rises, and falls when consumer income decreases.

Consumer Incomes

The total amount of income earned by consumers, influencing their spending patterns and demand for goods and services.