In the Equation Below,the Exponent "3" Represents

question 60

Multiple Choice

In the equation below,the exponent "3" represents
$133.10 = $100 ´ (1 + .1) ³

• A) the future value of an investment.
• B) the present value of an investment.
• C) the annual rate of interest paid.
• D) the number of periods that the present value is left on deposit.

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Definitions:

Act Ethically

The practice of making decisions and taking actions in accordance with moral principles and ethical standards.

Business

Commercial, professional, or industrial activities conducted by individuals or organizations to earn a profit or achieve other goals.

Benefit

An advantage or profit gained from something, often used in the context of employment, services, or products.

Politeness

The behavior that is respectful and considerate of other people's feelings.