What Is the Formula You Should Use to Determine a Bank

question 81

Multiple Choice

What is the formula you should use to determine a bank account's future value in one year?

• A)Future value equals the present value plus the rate of interest.
• B)Future value equals the present value minus the rate of interest.
• C)Future value equals the present value multiplied by one plus the rate of interest in decimals.
• D)Future value equals the present value divided by one plus the rate of interest in decimals.

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Definitions:

Curettes

Surgical instruments shaped like a small spoon or scoop, used to remove tissue, debris, or growths from a body cavity.

Ophthalmoscope

A medical device used by healthcare professionals to examine the interior structures of the eye, including the retina and optic nerve.

Inner Structures

The internal components or architecture of an object, organism, or system.

Food Refrigerator

An appliance used for keeping food and drinks cool, slowing down the growth of bacteria to prolong the freshness and shelf life of perishables.