Mathematical Computations by a Computer Are Faster Than Your Quickest

question 160

Multiple Choice

Mathematical computations by a computer are faster than your quickest mathematical computations because the top speed of a neural impulse is about ________ times slower than the speed of electricity through the wired circuitry in a computer.

• A) 3 hundred
• B) 3 thousand
• C) 3 hundred thousand
• D) 3 million

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Definitions:

Present Value

The current value of a future cash amount or ongoing cash flows, when calculated with a specific return rate.

Compounded Monthly

A method of calculating interest where the earned interest is added to the principal at the end of each month, allowing the interest in the next month to be calculated on the new total.

Present Value

Today's value of a sum of money or sequence of cash flows set to be received in the future, calculated using a given rate of interest.

Compounded Monthly

This refers to the process where interest is added to the principal balance of a loan or deposit monthly, allowing the interest to then earn interest in subsequent periods.