If an Individual Deposits an Amount at a Compound Interest

question 75

Multiple Choice

If an individual deposits an amount at a compound interest rate of r percent per year for a time period of T years,then: ________.

• A) Future value = (1 − r)ᵀ × (Principal)
• B) Future value = (1 + r)/T × (Principal)
• C) Future value = (1 ‒ r)/T × (Principal)
• D) Future value = (1 + r)ᵀ × (Principal)

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Definitions:

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Approaches used for collecting, organizing, preserving, and accessing historical documents and records for research purposes.

Actuarial Records

Data records used by actuaries to calculate insurance risks and premiums, including statistics on mortality, sickness, and disability.

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