Which of the Following Is the Correct Way to Compute

question 443

Multiple Choice

Which of the following is the correct way to compute the future value of $X that earns r percent interest for N years?

• A) $X1 + rN)N
• B) $X1 + r)N
• C) $X1 + rN)
• D) $X1 + r/N)N

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Definitions:

Drug Addiction

A chronic disease characterized by compulsive or uncontrollable drug seeking and use despite harmful consequences.

Illegal Acts

Actions that are forbidden by law and subject to official punishment.

Physiological Need

A basic bodily requirement.

Basic Requirement

Fundamental needs or conditions that must be met to achieve a goal or maintain a standard.