If $100 Is Placed in an Account That Earns a Nominal

question 84

Multiple Choice

If $100 is placed in an account that earns a nominal 4%,compounded quarterly,what will it be worth in 5 years?

• A) $122.02
• B) $105.10
• C) $135.41
• D) $120.90
• E) $117.48

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Definitions:

Uniformly Positive

A consistent and universally favorable attitude or assessment across various situations or subjects.

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