Which of the Following Is the Correct Way to Compute

question 55

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 *10(1 + .04)
• D)$100(1 + .04)¹⁰

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Definitions:

Purely Subjective

Based entirely on personal feelings, tastes, or opinions, without any external objective reference or measurement.

Correct Answer

The accurate solution or response to a question or problem.

Formal Reasoning

The process of thinking logically and systematically about abstract concepts and problems, often associated with the ability to apply rules and principles to new situations.

Drawing Conclusion

The act of making a judgment or decision based on the analysis and synthesis of data or information.