Which of the Following Is the Correct Way to Compute

question 266

Multiple Choice

Which of the following is the correct way to compute the future value of $100 put into an account that earns 4 percent interest for 10 years?

• A) $100(1 + .04¹⁰)
• B) $100(1 + .0410)
• C) $100 x 10 x (1 + .04)
• D) $100(1 + .04)¹⁰

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