Which of the Following Is the Correct Way to Figure

question 172

Multiple Choice

Which of the following is the correct way to figure the future value of $X that earns r percent for N years?

• A)$X(1 + rN)ᴺ
• B)$X(1 + r)ᴺ
• C)$X(1 + rN)
• D)$X(1 + r/N)N

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Definitions:

Mental Exercises

Activities designed to improve cognitive functions such as memory, focus, and problem-solving skills.

Trancelike State

A state of deep relaxation or hypnosis in which an individual may be more open to suggestions and less aware of their surroundings.

Activation-information-mode Model

A theory suggesting that dreams are initiated in the brain's pons and that their content is affected by the dreamer's personal life and experiences.

Dreams

Successions of images, ideas, emotions, and sensations occurring involuntarily in the mind during certain stages of sleep.