Suppose That You Deposit $10,000 in an Account That Pays

question 71

Multiple Choice

Suppose that you deposit $10,000 in an account that pays 6% interest and you want to know how much will be in your account at the end of 10 years.To solve this problem in Microsoft Excel,you would use which of the following Excel formulas?

• A)=FV(.06,10000,0,10)
• B)=PV(.06,10000,0,10)
• C)=FV(.06,10,0,10000)
• D)=PV(.06,10,0,10000)

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Definitions:

Mnemonics

Memory aids or strategies that use associations, patterns, or systems to improve recall.

Neurological Maturation

The process of growth and development of the nervous system, resulting in more sophisticated brain function and capabilities.

Intrusion

An inappropriate or unwanted entry or interference in a situation or personal domain.

Mnemonics

Memory aids, often using patterns of letters, ideas, or associations that facilitate the recall of information.