You Are Scheduled to Receive $7,500 in Two Years

question 38

Multiple Choice

You are scheduled to receive $7,500 in two years.When you receive it,you will invest it at 4.5 percent per year.How much will your investment be worth ten years from now?

• A)$10,665.75
• B)$11,428.09
• C)$9,110.24
• D)$10,113.33
• E)$11,617.07

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Definitions:

Handwriting Recognition

The ability of a computer to interpret and convert human handwriting into text or commands.

Document Management

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Medicare CCI

Stands for Correct Coding Initiative under Medicare, which is designed to prevent improper payments where incorrect code combinations are billed.

Encoder Software

Computer software used to convert data into a particular format, often used for compressing video or audio data.