Which of the Following Is the Correct Way to Compute

question 341

Multiple Choice

Which of the following is the correct way to compute the future value of $100 put into an account that earns 4 percent interest for 10 years?

• A) $1001 +
• B) $1001 + ( .04 10)
• C) $100 × 10 (1 + .04)
• D) $1001 +

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Definitions:

Increase In Income

A rise in the amount of money earned or received by an individual or within an economy over a specific period.

Horizontal Axis

In a graph or chart, the x-axis, which typically represents the independent variable or time period.

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given budget at specific prices.

Price Of Tacos

The amount consumers must pay to purchase tacos, which can vary based on ingredients, location, and other factors.