Future Value Given a 4 Percent Interest Rate,compute the Year

question 118

Multiple Choice

Future Value Given a 4 percent interest rate,compute the year 6 future value of deposits made in years 1,2,3,and 4 of $1,000,$1,200,$1,200,and $1,400.

• A)$4,334.53
• B)$5,070.78
• C)$5,191.68
• D)$5,484.56

---

Definitions:

Interquartile Range

A measure of variability in a dataset, calculated by subtracting the value at the first quartile from the value at the third quartile.

Box Plot

A graphical representation that displays the distribution of data based on a five-number summary: minimum, first quartile, median, third quartile, and maximum.

Mean

The mean of a number set, determined by dividing the sum of all the values by the total count of values.

Interquartile Range

A measure of variability that describes the range within which the middle 50% of a data set lies, calculated as the difference between the 75th and 25th percentiles.