The Table Shows a Series of Deposits at Different Dates

question 103

Multiple Choice

The table shows a series of deposits at different dates into a savings account.If the account pays 10.5% interest (compounded annually) ,what is their future value at year 6?

• A) $109,477.35
• B) $99,074.53
• C) $75,000.00
• D) $107,569.55
• E) $97,790.50

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Definitions:

Control Limits

Refer to the statistical bounds within process control that signal when a process might be going out of control or is otherwise operating outside of its expected range.

Special Cause Variation

Variation in a process caused by identifiable factors, typically indicating that the process is not in control.

Process Capability

A statistical measure of a process's ability to produce output within given specifications.

Out Of Control Signals

Indicators within a process control or statistical control chart that highlight when a process is deviating from its stable state or specified limits.