The Value of $100 Left in a Certificate of Deposit

question 59

Multiple Choice

The value of $100 left in a certificate of deposit for four years that earns 4.5% annually will be:

• A) $120.00
• B) $119.25
• C) $117.00
• D) $145.00

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Definitions:

Confidence Interval

A compilation of values, generated through statistical analysis of a sample, that is expected to include the value of a hidden population characteristic.

True Slope

In the context of linear regression, it refers to the actual slope of the line of best fit through data, indicating the true relationship between variables.

Least Squares

A mathematical method used to find the best-fitting line or curve to a given set of points by minimizing the sum of the squares of the offsets ("the residuals") of the points from the curve.

Goals/G

An abbreviation for goals per game, a metric used primarily in sports analytics to assess the average number of goals scored per game by a team or player.