If an Asset Has a Future Value of $120,a Present

question 17

Multiple Choice

If an asset has a future value of $120,a present value of $30,and an interest rate of 4%,how many periods of compounding are there?

• A) 45 periods
• B) 35 periods
• C) 28 periods
• D) 100 periods

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Definitions:

Share Thoughts

The act of verbally expressing one's ideas, feelings, or opinions to others.

Milieu Therapy

A therapeutic approach focusing on using the social environment, or milieu, of the patient, to encourage healthier behavior and interpersonal interactions.

Social Therapy

A form of therapy that emphasizes the role of social relationships in the development and recovery of mental health issues.

Medication

Substances used for medical treatment, especially for the treatment or prevention of disease.