Use Simpson's Rule to Approximate with N = 6

question 73

Multiple Choice

Use Simpson's Rule to approximate with n = 6. Round your answer to two decimal places. ​

• A) 7.47
• B) 14.93
• C) 39.82
• D) 13.28
• E) 39.84

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Definitions:

Compounded Quarterly

Calculation of interest done four times a year, where the interest is added to the principal and each subsequent interest computation is based on the new principal amount.

Compounded Annually

Pertaining to an interest calculation method where interest is added to the principal at the end of each year, and future interest is calculated on the total.

Compounded Annually

An interest calculation method where interest is added to the principal sum once a year, allowing it to earn interest in the subsequent year.

Annuity

A finance tool that disburses a predetermined series of payments, typically to support individuals financially during retirement.