You Expect to Receive $1,000 at the End of Each

question 214

Multiple Choice

You expect to receive $1,000 at the end of each of the next three years that you plan to deposit in a bank account paying 6%. Which of the following expressions will calculate your bank balance just after the last payment is deposited?

• A) FV = $1,000 [FVF_6,1] + $1,000 [FVF_6,2] + $1,000 [FVF_6,3]
• B) FV = $1,000 [1.06]¹ + $1,000 [1.06]² + $1,000 [1.06]³
• C) FVA₃ = $1,000 [FVFA_6,3]
• D) All of the above

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Definitions:

Different Languages

Refers to the variety of languages spoken or programmed around the world, emphasizing diversity in communication and coding.

Compiler

A program that understands both the syntax of the programming language and the exact structure of the CPU and its machine language.

Intermediate Form

A representation of a program partway between the source and machine code, used in compiling or interpreting the code.

Object-Oriented Programming

Object-oriented programming is a programming paradigm based on the concept of "objects," which are data structures that contain data, in the form of fields, and code, in the form of procedures, with the objective of increasing flexibility and maintainability.