The Future Value of $100 That Earns 10% Annually for N

question 51

Multiple Choice

The future value of $100 that earns 10% annually for n years is best expressed by which of the following?

• A)$100(0.1)n
• B)$100 × n × (1.1)
• C)$100(1.1)n
• D)$100/(1.1)n

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Definitions:

Urban Renewal

A series of policies supported by all levels of government that allowed local governments and housing authorities to demolish so-called blighted areas in urban centers to replace them with more valuable real estate usually reserved for white people.

Kitchen Debate

A series of impromptu exchanges between U.S. Vice President Richard Nixon and Soviet Premier Nikita Khrushchev in 1959, highlighting the contrasts between American and Soviet lifestyles and ideologies.

Nikita Khrushchev

A Soviet statesman who led the Soviet Union during part of the Cold War as the First Secretary of the Communist Party and as Premier.

Consumer Goods

Products and services that satisfy the needs and wants of consumers through their direct consumption or use.