What Is the Value of (ΣX)² for the Scores 1,5,2

question 75

Multiple Choice

What is the value of (ΣX) ² for the scores 1,5,2?

• A)10
• B)16
• C)30
• D)64

Understand the concept of compound interest and its application in calculating future and present values of investments.

Calculate the future value of different types of investments, including lump sum investments, annuities, and monthly contributions.

Determine the present value of loans and investments using various interest rates and compounding frequencies.

Analyze loan repayment schedules, including the calculation of remaining loan balances after a certain period of repayments.