John Anderson Deposited $10,000 in a CD for 3 Years

question 67

Multiple Choice

John Anderson deposited $10,000 in a CD for 3 years at 5%.It should now be worth (Use time value tables or financial calculator)

• A)$10,500.
• B)$10,725.
• C)$11,400.
• D)$11,580.
• E)$12,400.

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Definitions:

Variable on the Vertical Axis

In graphing data, this refers to the dependent variable that is quantified along the vertical axis of a graph.

Variable on the Horizontal Axis

Refers to the independent variable in a graph that is plotted along the horizontal or x-axis and determines the values of other variables.

Slope

A measure of the steepness or incline of a line, indicating the rate at which values change along the line.

Positive Slope

A line or curve on a graph that moves upward from left to right, indicating a positive relationship between two variables.