Given a 4 Percent Interest Rate, Compute the Year 6

question 42

Multiple Choice

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

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Definitions:

Fasting Specimen

A blood or other specimen collected after a period of fasting, used for specific tests where food intake may influence the results.

Hematocrit Range

The proportion of red blood cells in blood, expressed as a percentage; normal ranges vary by age and gender.

Adult Males

Human males who have reached maturity or the age of adulthood, typically marked by physical, sexual, and psychological development.

Fasting Blood Sugar

A test that measures the level of glucose in a person's blood after they have not eaten for at least 8 hours, used to diagnose diabetes and pre-diabetes.