In Answering Which of the Following Questions Would You Find

question 206

Multiple Choice

In answering which of the following questions would you find it necessary to calculate a future value?

• A)If Jill puts $5,000 today into a bank account that pays 3 percent interest,then how much will she have in the account after 2 years?
• B)Should ABC Corporation buy a factory today for $2 million,knowing that the factory will yield the corporation $3 million after 5 years?
• C)As the winner of a lottery,should Michael choose an immediate payment of $250,000 or should he choose annual payments of $30,000 for each of the next 10 years?
• D)You would find it necessary to calculate a future value in order to answer all of these questions.

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Definitions:

Osmoles

Osmoles measure the amount of solute that contributes to the osmotic pressure of a solution, reflecting the concentration of particles that can move freely across a semipermeable membrane.

Solution

A homogeneous mixture composed of two or more substances, where one substance (the solute) is dissolved in another (the solvent).

Electrolytes

Minerals in the body that have an electric charge, crucial for hydrating the body, regulating nerve and muscle function, balancing blood acidity and pressure.

Ions

Atoms or molecules with a net electric charge due to the loss or gain of one or more electrons.