If I Invest $100 at the End of Each Year

question 11

Multiple Choice

If I invest $100 at the end of each year for four years at 6% how much will I have at the end of the fourth year?

• A)$421.24.
• B)$437.46.
• C)$563.71.
• D)$432.95.

---

Definitions:

Model Codes

Standardized sets of laws or regulations designed to be adopted or adapted by various jurisdictions to bring consistency across legal systems.

Computer

An electronic device capable of processing and storing data according to instructions from software applications.

Specific Performance

A legal remedy requiring a party to perform their specific duties under a contract, rather than paying damages.

Letter Offering

A letter offering is a formal document or communication extending an offer, such as employment or the purchase of real estate, to someone, detailing the terms of the offer and next steps for acceptance.